IMC is planning to increase land bank to 95 000 hectares
2011-09-28 14:27:54
International Milk Company is planning to increase its land bank as a part of the 2012 development program according to the senior management of the company.
Currently the company is negotiating acquisition of 15 000 hectares, yet this number is planned to be increased to 95 000 by the beginning of 2012. USD 50 M in funds will be raised using either loan or bond placement either in the 4th Quarter of 2011 or the first one of 2012.