CARBIOS: Collaboration with Indorama Ventures to build the first industrial unit | CORPORATE | EUR70 VS. EUR60 (+107%)
CARBIOS - CORPORATE | EUR70 VS. EUR60 (+107%)Collaboration with Indorama Ventures to build the first industrial unit
Carbios announced a collaboration with Indorama Ventures for the construction of its first industrial unit (bigger than anticipated). This collaboration is a very good news, not only because it confirms the credibility and potential of Carbios’ technology but also because it could lead to future licensing deals with Indorama, the world’s largest PET producer. We increase our TP from EUR60 to EUR70.
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
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