Black River Ups Stake at AgriNurture

Makati—(PHStocks)—Agrinurture Inc. (PSE: ANI) has confirmed the completion of a transaction whereby Black River Capital Partners Food Fund Holdings (Singapore) Pte Ltd increased its equity interest in the company from 28.11% to 30.92% with the acquisition of 15,058,331 shares from Antonio L. Tiu, President and Chairman of Agrinurture.

The increase in equity interest follows the PhP335 million additional funding extended by Black River to the company in the form of convertible note. Black River is a limited private company organized and existing under the laws of Singapore.

Black River is a wholly-owned subsidiary of Black River Capital Partners Fund (Food) LP, a fund managed by Black River Asset Management LLC, which, in turn is an independently managed subsidiary of Cargill Inc.