BRG Borregaard

Borregaard ASA: Borregaard invests further into Alginor 

Borregaard ASA: Borregaard invests further into Alginor 



Borregaard has participated with its fully diluted pro-rata share (35%) in the NOK 400 million capital raise in the marine biotech company Alginor to fund the next step of the biorefinery expansion. The funds from Borregaard were pre-committed. In aggregate the committed investments into Alginor from Borregaard will now total approximately NOK 408 million. 

Alginor intends to carry out a repair offering directed towards existing shareholders and potential new shareholders. A subsequent offering towards Borregaard will be made to ensure that Borregaard retains its 35% fully diluted ownership in Alginor.  

For more information about Alginor and the capital raise, see . 

  

Contact: 

Director Investor Relations, Knut-Harald Bakke,

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act



EN
19/06/2024

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