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05-17-2011News

Tonkens Agrar Planning Capital Increase With Heuking Kühn Lüer Wojtek

Capital market specialists Dr. Thorsten Kuthe and Madeleine Zipperle 
of Heuking Kühn Lüer Wojtek are providing counsel to Tonkens Agrar AG on a capital increase with subscription rights and public offerings. The Heuking Kühn Lüer Wojtek lawyers are acting as transaction counsel In the financing measure valued at around seven million euro. WGZ is the financing bank.

With a farmed area of about 3,000 hectares at four sites in Germany, Tonkens Agrar AG is one of the leading agricultural enterprises. Its core business areas include milk production, the growing, storage and marketing of grain, potatoes, corn and onions. The company is also a provider of energy from biogas plants and solar energy.

The upcoming capital increase is to optimize and develop Tonkens Agrar AG's business activities. The increased capital base will allow, in particular, the improvement of the financial structure and the leasing of additional land for agricultural cultivation. In addition, the proceeds from the issue are to be used for the construction of new biogas plants.

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