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A nine million euro boost from two key shareholders.
January 24, 2013
By: TOM BRANNA
Editor
KitoZyme has finalized a 9 million euro capital increase. The issue of new shares was reserved for and entirely underwritten by the company’s two main shareholders: the company Valois (Mestdagh Group and Montulet family) and the SRIW, the Wallonia Regional Investment Company. The move will significantly build the company’s equity and will allow it to actively continue developing new products and its international commercial expansion, according to company executives. KitoZyme, a spin-off of the ULg based in Liège, is active in the biochemistry and life sciences sectors, The company manufactures biomass-derived biopolymers, non-animal chitosan, chitin-glucan and beta-glucan. More info: [email protected]; Website: www.kitozyme.com
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