Synthos invests €1.4m in Global Bioenergies
October 5, 2011
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In France, Global Bioenergies announced the completion of a €1.4m equity investment from Synthos, a European leader in the manufacturing of rubber. This investment was part of the partnership agreement, signed in July 2011. It was calculated on the basis of a €23.48 share value. Accordingly, Synthos now owns a 3.6% stake of Global Bioenergies. The partnership agreement has Global Bioenergies responsible for R&D at the laboratory level, and Synthos will then take the process to the industrialization stage.
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