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ARTICLE | Company News

Novozymes buys BioGaia unit

June 3, 2002 7:00 AM UTC

BioGaia (SSE:BIOG) sold its European cGMP-certified manufacturing unit BioGaia Fermentation (Lund, Sweden) to enzyme specialist Novozymes (Bagsvaerd, Denmark). BIOG said the sale would afford it a SEK66 million ($6.7 million) post-tax capital gain and about SEK110 million ($11 million) in surplus liquidity. ...