Oddo BHF Initiates Coverage of Carbios with a Buy Recommendation
20 Ottobre 2020 - 6:45AM
Business Wire
Regulatory News :
CARBIOS (Paris:ALCRB) (Euronext Growth Paris: ALCRB), a company
pioneering new bio-industrial solutions to reinvent the lifecycle
of plastic and textile polymers, today announces that the Research
desk of the independent financial group Oddo BHF, a leading player
in ESG research in Europe, has initiated research coverage on
Carbios with a “Buy” rating and €41.50 price target* in their
report entitled: “Plastics, fasten your seatbelt!”
Carbios is also covered by the brokerage firms Bryan, Garnier
& Co, Gilbert Dupont and Kepler Cheuvreux, whose
recommendations are available on the Company’s website, under the
heading “Stock information”:
https://carbios.fr/en/investor/stock-information/.
*: This press release does not constitute an offer to
sell or subscribe, or the solicitation of an order to buy or
subscribe for securities in France, Europe, the US or any other
country. Carbios and Oddo BHF have agreed on a service for the
production and distribution of financial analysis. Any opinions,
estimates or forecasts regarding Carbios’ performance made by the
analysts covering the stock are theirs alone and do not represent
opinions, forecasts or predictions of Carbios or its management.
Reference to these analysts does not imply Carbios’ endorsement of
the content of their publications or recommendations.
About Carbios:
Carbios is a green chemistry company whose innovations help
address the environmental and sustainable development challenges
facing manufacturers. Since its creation in 2011 by Truffle
Capital, the Company has developed, through biotechnology, two
industrial processes that revolutionize the biodegradation and
recycling of polymers. These innovations, a world first, optimize
the performance and lifecycle of plastics and textiles by
exploiting the properties of highly specific enzymes.
Carbios' economic development model is based on the
industrialization and commercialization of its products and/or
enzymes, technologies and bioprocesses through license concessions
directly or through joint ventures to major industrial players or
sectors concerned by the Company's innovations. As such, Carbios
created the joint venture Carbiolice in September 2016, in
partnership with Limagrain Ingredients and the SPI fund operated by
Bpifrance. This company, of which Carbios has majority control,
will exploit the first technology licensed by Carbios by producing
enzymatic granules for the production of biodegradable and biobased
plastics.
Carbios benefits from the qualification "Innovative Company" of
Bpifrance allowing the eligibility of the Company's securities for
the investment of Mutual Funds Placement in Innovation (FCPI). For
more information, please visit: www.carbios.fr
Carbios is eligible for the PEA-PME, a government program
allowing French residents investing in SMEs to benefit from income
tax rebates.
Translation for information purposes only. In
case of discrepancy between the French and the English version of
this press release, the French version shall prevail.
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CARBIOS Benjamin Audebert Investor Relations
contact@carbios.fr +33 (0)4 73 86 51 76 Media Relations
(Europe) Tilder Marie-Virginie Klein mv.klein@tilder.com +33
(0)1 44 14 99 96 Media Relations (U.S.) Rooney Partners Kate
L. Barrette kbarrette@rooneyco.com +1 212 223 0561
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