Biosearch is a small Spanish biotech company based in Granada, specialising in the research, development and sale of functional ingredients (natural extracts, omega-3 and probiotics) for the nutrition and healthcare markets. The company’s triple positioning in those growing markets has enabled the company to weather the Covid crisis and captured the attention of the giant Kerry Group. Its Spanish subsidiary has made an offer for 100% of Biosearch at 2.2/share, which means a premium of 45.7%Read More
SPANISH SMALL & MID CAPS
Renta 4 | After the government approved the rescue of Air Europa last week, with an injection of 475 million euros, several media outlets are claiming the executive intends to establish a series of conditions for the operation. In our opinion, these would complicate the acquisition of the airline by IAG. The conditions would include the appointment of two directors, authorisation to approve strategic operations, dismiss and even agree the appointment of the CEO. IAG will be awaiting an official communication.