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Tomato extract maker seeks investor millions

24-Sep-2009

Related topics: Industry

UK fruit extract specialist, Provexis, hopes to raise €5.5 in a deal that may see it offer shares at a significant discount to the current listed price of about €0.10.

Provexis shares dropped from about €0.16 in the wake of the announcement that the company was in talks with both individual and institutional investors.

Provexis recently won a positive health claim opinion from the European Food Safety Authority (EFSA) for a claim linking consumption of its proprietary Fruitflow tomato extract and blood circulation benefits.

It is the only company to earn a positive article 13.5 opinion so far.