Geoff Percival Shares in Irish agri-services group Origin Enterprises slumped near to 10% after it warned operating profits for its financial year are likely to be negatively impacted by prolonged poor weather conditions.
The agri-services group Origin Enterprises says it has reached “conditional agreement” for the disposal of up to 31 acres of land it owns on Cork’s south docklands in to O'Callaghan Properties for up to €47.5m.
Irish agri-services group Origin Enterprises’ entry into the Belgian fertiliser market is being viewed as a potential acquisition platform for its further expansion into continental Europe.
Analysts are expected to increase net profit forecasts for Origin Enterprises, following the Dublin-based agri-services group reporting a strong start to its current financial yea, writes Geoff Percival.
Irish agribusiness company Origin Enterprises has completed the €22.4m takeover of a Polish counterpart as part of its ongoing expansion in the Eastern European market.
Agri-services group Origin Enterprises has stepped up its non-core asset disposal programme by selling its 32% stake in leading consumer foods group, Valeo Foods, for a cash consideration of nearly €87m.
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