REGINA — AGT Food and Ingredients filed an amended and restated preliminary prospectus Feb. 5 as it begins the process to offer common shares.
The Regina-based company initially filed Jan. 30.
The prospectus says the company plans a treasury offering of $425 million and a secondary offering by certain shareholders for about $35 million, at a share price between $26 and $30.
The securities will not be available in the United states.
The company declined to comment, saying it would release further information later in the process.
Murad Al-Katib founded the company in 2001 as SaskCan Pulse Trading to capitalize on the burgeoning pulse industry in the province. In 2007, the Agtech Income Fund acquired it and renamed it Alliance Grain Traders, with a listing on the Toronto Venture Exchange.
It converted to a corporation in 2009, the same year it purchased Arbel group, a Turkish company that had originally funded SaskCan.
Global expansion occurred through the late 2000s and 2010s and included the purchase of other businesses and short line rail. In 2019, Al-Katib took the company private with support from Fairfax Financial Holdings.
