Kerry and Biosearch


Irish Kerry Launches A Takeover Bid For Spanish Biosearch For 127 M€, At 2.2 € Per Share

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%