"Regina, Sask.-based AGT Food and Ingredients Inc. is getting set to become publicly-traded again. The company says it has filed paperwork with regulatory authorities across Canada for a proposed initial public offering of some of its common shares. The number of shares to be sold and the price per common share have not yet been determined, the company says. The potential closing date is also not known."
"The document shows the company expects the reduction in annual finance expense would be $43.7 million, resulting in improved net earnings and cash flow. Primary shareholders Fairfax Financial Holdings nor president and CEO Murad Al-Katib are selling their common shares, the company says. AGT says it has applied to have the offered shares listed on the Toronto Stock Exchange under the symbol "AGTF," but conditional approval has not yet been granted by the TSX, as of January 30."
AGT Food and Ingredients filed a preliminary prospectus for a proposed initial public offering of some common shares in Canada. The number of shares, price per share and closing date remain undetermined. Proceeds will reduce debt servicing costs and facilitate share sales by existing shareholders, with an expected annual finance expense reduction of $43.7 million to improve net earnings and cash flow. Primary shareholders Fairfax Financial Holdings and president and CEO Murad Al-Katib are not selling. AGT applied to list on the Toronto Stock Exchange under the symbol "AGTF" pending conditional approval. AGT reported C$3.2 billion revenue and C$192 million adjusted EBITDA for the 12 months ending September 2025.
Read at Realagriculture
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