Carbios Acquires Limagrain Ingredients’ Entire Stake in the Capital of Carbiolice
Summary
“The fruitful collaboration between Limagrain Ingredients and Carbios has enabled the development of an industrial biotech that is among the most innovative in Europe in the field of compostable packaging2. These world-first innovations, made possible with the support of Bpifrance (Thanaplast™ project), enable to optimize the performance and lifecycle of plastics and textiles by exploiting the properties of highly specific enzymes. As such, Carbios created the joint venture Carbiolice in September 2016, in partnership with Limagrain Ingredients and the SPI fund operated by Bpifrance. For more information, please visit: www.carbios.fr Carbios is eligible for the PEA-PME, a government program allowing French residents investing in SMEs to benefit from income tax rebates. November 20, 2019 press release 3 The shares are issued without preferential subscription rights for the benefit of a category of beneficiaries by decision of the Board of Directors, in accordance with the delegation of authority conferred by the 10 resolution approved by the Company’s Combined Shareholders’ Meeting held on June 18, 2020.