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An update from Bio-UV Group SA ( (FR:ALTUV) ) is now available.
BIO-UV Group SA announced a capital increase of €6.95M, which could extend to €7.99M, by issuing new shares at a discounted price. The funds raised will primarily support the company’s growth strategy, including new service development and market expansion, while also potentially aiding in reducing debt and strengthening its sales capabilities. The offering has received strong institutional support, covering over 94% of the targeted amount.
More about Bio-UV Group SA
BIO-UV Group SA specializes in water treatment and disinfection systems using technologies such as UV, ozone, salt electrolysis, and advanced oxidation processes. The company focuses on providing innovative solutions for water treatment across various markets, leveraging its expertise to maintain a competitive edge in the industry.
YTD Price Performance: -4.55%
Average Trading Volume: 19,508
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €21.31M
For a thorough assessment of ALTUV stock, go to TipRanks’ Stock Analysis page.