Cordiant Global Agricultural Income trust seeks $300m IPO

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The Cordiant Global Agricultural Income trust is seeking to undertake an initial public offering with the floating of ordinary shares on the London Stock Exchange.

The trust said it intends to promote more sustainable crop production while addressing a capital solutions gap in the agriculture sector across select regions primarily in Latin America. Patrick Funaro and Cédric Garnier-Landurie, managing directors of Cordiant Capital and key principals of the Agricultural Finance investment team, said: "The need for more sustainable and productive farming globally is a matter of increasing importance, particularly in major exporting regions such as Latin America where farmers suffer from a lack of credit." High-tech greens: The future of agriculture...