Cadiz and Paris, 26 September.- Nortem BioGroup, the Andalusian company specialised in food technology, will make its debut in Euronext Paris, tomorrow September 27. The company has been valued at 12.9 million euros prior to its IPO.
Nortem BioGroup Nortem will put into circulation 2,578,500 shares at a unit price of 5.00 euros. The listing will take place on the Access segment of Euronext Paris, under the stock exchange symbol MLBIO.
Nortem BioGroup operates as a holding company and currently controls five different brands of organic products and materials: Nortembio, NaturalPharma Laboratories, Luxury & Grace, Ecodescalk and LG Health iSystems. In total, these brands represent 200 references, which will continue to increase in the coming months.
The company generated sales of approximately EUR 7 million in the 2022 financial year, mainly through the Amazon platform (AMZN). With more than half a million customers, its main market is Europe.
The mission of Nortem BioGroup is to promote sustainable food choices, innovative supplements and smart probiotics, in line with its commitment to protecting the environment and human health.
More than 30% of the company’s revenues are reinvested in research and development, activities that are carried out entirely in El Puerto de Santa María (Cádiz). In addition, 20% of the company’s workforce is dedicated to the development of new processes and products.
For further information about the outing, please contact Ramón Pedrosa at +34682643536 o en rpl@pedrosa.uk