Eurofins : Capital increase of around € 500m via an ABB, at the right time in our view – Buy vs Neutral and target price raised to € 600 (vs € 500)
>Issuance of around 900,000 shares, for some € 500m - Yesterday evening after the close, Eurofins announced it was launching a capital increase through an accelerated book building (ABB) process, for around 900,000 new shares, i.e. around 5% in additional shares (17.9m shares before the capital increase ).The stated aims of this transaction are to: i/ finance capex and working capital related to tests (PCR, antibody, and other) for COVID-19, and ii/ be able to se...Eurofins Scientific is an international life sciences company operating in food & pharmaceutical products testings. Co. provides analytical testing services to clients from various industries including pharmaceutical, food, and environmental sectors. Co. offers analytical methods for evaluating the authenticity, origin, safety, identity, composition, and purity of biological substances & products. Co. verifies authenticity of products analyzed to detect dangerous components (pathogens, prions, pesticides, asbestos, mycotoxins, dioxins, toxic substances, etc.). Co. operates in Benelux, France, Germany, North America, Scandinavia, British Isles (U.K. & Republic of Ireland), & other countries.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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