OREANDA-NEWS. October 22, 2009. Sintal Agriculture (SNPS GR) announced that raised USD 13 mln via the placement of a 17.2% stake in the company.

Concorde Capital: Based on the reported placement results, Sintal’s MCap totaled ~USD 76 mln. Implied EV/Planted Land 2009 is USD 885/ha. Given tight capital markets, we consider the placement successful overall and see it as a trigger for the stock’s price.

Concorde Capital is a full service investment bank operating on the Ukrainian, Russian and CIS markets. In 2007 Concorde Capital’s analytical team was recognized as the Top Team covering Ukraine by Thomson Extel's Pan European Survey. Senior Analyst Alexander Paraschiy was recognized as the Leading Pan-European Investment Analyst – European Emerging Markets. Concorde Capital is a leader when it comes to private placements and M&A deals. Concorde Capital’s sale of a stake in Electron Bank to Volksbank International AG was named the Best Ukrainian M&A deal of the year 2007 by the Adam Smith Institute.