El Puerto de Santa María (Cádiz), 18 September – The Andalusian food technology company Nortem BioGroup will be listed on the Paris Stock Exchange on 27 September, at a valuation of 12.9 million euros.
The company, whose admission process was approved last week by the stock exchange authorities, will make 2,578,500 shares available to the market at a price of five euros per share.
It will be listed on the Access segment of Euronext Paris under the ticker MLBIO.
The bell-ringing ceremony, which will be presided over by Nortem’s CEO and founder, José Luis Vázquez, will be attended by European stock exchange authorities and will take place at the market’s headquarters in La Défense.
Since its foundation, Nortem has established itself as one of the European leaders in the food bio-innovation sector.
Its sales, which are mainly executed via Amazon (AMZN), amounted to approximately EUR 7 million in the financial year 2022. The company has more than half a million customers and its main market is Europe.
Specialising in the development of functional supplements and products that promote human well-being, Nortem 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.
“We are listed on Euronext Paris because we are a company with a European vocation, a company that wants to take our understanding of organic and sustainable food to the EU markets and to the United States,” explained Vázquez.
“The Paris stock exchange is, for us, a platform that will allow us to have global visibility and access to many more markets and investors,” he added.
More than 30 percent of the company’s revenues go to research and development, all of which takes place in Puerto de Santa María (Cádiz). Twenty percent of the company’s employees are focused on the development of new processes and products.
The company’s conscious mission is to promote sustainable food choices, innovative supplements and smart probiotics, all in line with the brand’s commitment to environmental protection and human health.
Euronext is the pan-European stock exchange, created to foster collaboration between EU capital markets. It includes the stock exchanges of Paris, Oslo, Dublin, Milan, Brussels, Amsterdam, Lisbon, or the London futures market.
Solventis advised Nortem on the transaction.