Arla Foods, the European dairy cooperative owned by Swedish and Danish farmers, has “opened the door” to the possibility of a rights issue to raise capital for international investment, the group has told just-food.
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“One of our long-term visions is that, at some point down the road, we could raise capital by issuing shares…. It could be a possible way to finance international investment,” an Arla spokesperson revealed.
However, the spokesperson was quick to emphasise that control of Arla would remain in the hands of its farmer-owners.
“We would always remain a traditional cooperative owned by Danish and Swedish farmers,” he insisted.
While Arla views a rights issue as a potential way to raise capital at a time when credit lines are drying up due to the meltdown in the global finance sector, the spokesperson emphasised that we are unlikely to see any movement on this front in the near future.
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By GlobalData“It is not something that is on the table right now,” he said.
