FRANCE - Fungus-based fertilisers business receives extra EUR 2m

The syndicate, which now owns 49.7% of the company, comprises Ouest Ventures, OTC Asset Management, Bretagne Jeunes Entreprises and Fonds d'Investissement de Bretagne.

The investors had previously invested EUR 2.4m in the company in summer 2006.

Agrauxine generated sales of EUR 5m in 2006, and anticipates this figure to reach EUR 7m this year.

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