Bionas Group plans $807M AIM flotation to fund jatropha expansion

admin | February 22, 2011

In Malaysia, Bionas Group plans to raise $807.5 million this year in an initial public offering on London’s Alternative Investment Market of its subsidiary to tap into growing European demand for alternative fuels.

The deal —which is being handled by Barclay’s Bank—is primarily to fund jatropha expansion in Africa.