Plantation & General to raise 10m

04 September 1998

Plantation & General to raise £10m

PLANTATION and General Investments, the African investment group, is raising £10 million to help with its attempts to focus on tropical agriculture.

The £10m has been raised by a share issue conditionally placed with Nick Roditti, the former Soros fund manager who controls the company. The shares can be clawed back by shareholders.

Half-year profits rose 82% to £1.6m, on turnover of £26.4m, down from £28.8m last time.

The money will also be used for acquisitions.

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  The Times 04/09/98 page 29
• Financial Times 04/09/98 page 22 (News Digest)