Discover your next big idea for life sciences at PACK EXPO Las Vegas
Experience a breakthrough in life sciences packaging—explore solutions from 2,300 suppliers spanning all industries, all in one place this September

Biome Technologies announces proposed sale of its 50% stake in Biotec

Biome Technologies plc announces the proposed disposal to Sphere S.A.

(“SPH”) of the Company's 50 per cent. holding in Biotec Holding GmbH (“Biotec”) (together with the outstanding shareholder loan of EUR 6,227,092.02 made by the Company to Biotec and its subsidiaries (the “Shareholder Loan”) for £5.2m in cash (the “Sale”).

Highlights

- Sale of 50% stake in Biotec, the Group's manufacturing joint venture with Sphere
- Biome will receive a cash consideration of £5.2m
- The sale will allow the Group to focus on its strategy to develop high margin, application led products.

John Standen, Chairman said:

“This disposal is an important step for the Company and it will allow our Bioplastics Division to work exclusively on developing and commercialising wholly owned intellectual property. The Board believes it is an appropriate time to divest its stake given the weak and uncertain market segments serviced by Biotec. In addition, we believe Biotec's dedicated operations will become increasingly less relevant to Biome's operations in the coming years as we focus on delivering our strategy to develop products with higher levels of functionality which are likely to require different production technologies.”
Pharmaceutical Innovations Report
Discover the latest breakthrough packaging technologies shaping the pharmaceutical sector. This report dives into cutting-edge innovations, from smart containers that enhance patient safety to eco-friendly materials poised to transform the industry’s sustainability practices. All from PACK EXPO. Learn how forward-thinking strategies are driving efficiency and redefining what’s possible in pharma packaging.
Learn More
Pharmaceutical Innovations Report
Break out of the ordinary: see what’s new in life sciences packaging
<strong>At PACK EXPO Las Vegas, you’ll see machinery in action and new tech from 2,300 suppliers, collaborate with experts and explore transformative solutions. Join us in September to experience a breakthrough for life sciences products.</strong>
REGISTER NOW & SAVE!
Break out of the ordinary: see what’s new in life sciences packaging