(News Bulletin 247) – METabolic EXplorer rose by more than 9% on the Paris Stock Exchange on Monday after announcing the finalization of operations aimed at financing its 2023-2024 strategic plan.
The specialist in industrial fermentation recalls that this agreement, initially announced last December, aims to finance the transformation of the Amiens plant towards specialty amino acids, its new core business.
The financing plan notably involved a capital increase with maintenance of shareholders’ preferential subscription rights in the amount of eight million euros.
It also provides for the issue of simple bonds in favor of Bpifrance, the group’s reference shareholder for a principal amount of 12 million euros.
The program is also accompanied by a loan guaranteed by the State for a total principal amount of 33.9 million euros, as well as the provision by the banking partners of a new medium-term loan of a principal amount of approximately €15.5 million.
Finally, MetEx has appointed a service provider to find additional financing for the business plan to be put in place by January 2025 up to a maximum of 30 million euros.
Following the issue of new shares as part of the capital increase, Bpifrance’s stake went from 25.9% to 30.1% of the capital.
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