Nufarm
(ASX:NUF) has requested a trading halt for the remainder of the week in relation to an upcoming capital raising.
The agricultural chemical company's shares have been placed in a halt pending the announcement about the outcome of the institutional component of the offer.
The equity raising comes just one year after company raised over $400 million to fund the acquisition of a portfolio of crop protection products.
The company provided a trading update in July this year which warned that extended dry weather conditions in Australia had significantly impacted the Australia and New Zealand business, downwardly revising earnings for ANZ to a range of $5-10 million.
Shares in Nufarm
(ASX:NUF) last traded $6.70.
