Brief: Bell Food Group Increases Stake In Mosa Meat
09/07/2020 05:36
July 9 (Reuters) - BELL FOOD GROUP AG BELL.S :
* INCREASES STAKE IN MOSA MEAT
* ADDITIONAL GOAL IS TO HAVE PRODUCT ADMITTED TO MARKET IN
EUROPE
BY 2022
* TO INCREASE ITS INVESTMENT IN DUTCH START-UP MOSA MEAT,
WORLD'S
LEADING COMPANY FOR CULTURED BEEF
* NEW FINANCING ROUND IS INTENDED FOR COMMERCIAL PRODUCTION
AND
MARKETING OF CULTURED BEEF
* PARTICIPATING IN MOSA MEAT'S NEXT FINANCING ROUND WITH EUR
5
MILLION
* FIRST PILOT PRODUCTION PLANT WILL COMMENCE OPERATION IN
2021
* PLANS ARE IN PLACE TO COMMISSION FIRST HIGH-VOLUME
PRODUCTION
PLANT BY 2025
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Further company coverage: BELL.S
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