Brief: Metabolic Explorer: transfer of metex technology for fermentation production of methionine to Evonik
07/12/2016 06:06
Dec 7 (Reuters) - Metabolic Explorer Sa METEX.PA :
* Completes transfer, announced on November 28, of Metex's
entire technology portfolio for fermentative production of
methionine, as well as patents, essential bacteria strains, and
inola brand, for a lump sum of 40 million euros
* Transfer of metex technology for fermentation production
of methionine to Evonik
* A transfer services agreement to provide technical
assistance to Evonik and allow a smooth transfer of the
methionine technology
* Metex will receive an additional amount from Evonik of 5
million euros ($5.36 million), paid over the next two years
Source text for Eikon: ID:nACT46624
Further company coverage: METEX.PA
($1 = 0.9327 euros)
(Gdynia Newsroom)
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