BRIEF-Biox acquires 50 million litre biodiesel facility

Fri Jun 17, 2016 6:12am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

June 17 (Reuters) - Biox Corp

* Deal for us$4.5 million

* Purchase price and capital upgrades will be funded through a combination of cash on hand and are in discussions for a c$1.8 million mortgage

* Sombra facility has not achieved nameplate capacity due to working capital and market challenges, and is currently not in production

* Biox corp says company will expend an additional c$5 million over next 12 months on upgrades to facility

* Biox announces acquisition of 50 million litre biodiesel facility Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)