UK chemicals company Heiq raises stake in Belgian HeiQ Chrisal

UK chemicals company Heiq PLC (LON: HEIQ) on Wednesday said it has purchased an additional 20% stake in Belgian industrial biotechnology company Heiq Chrisal for EUR 2.9 million (USD 3.1m) in stock, bringing its total holding to 71%.

As part of the deal, Heiq will issue 3.3 million new ordinary shares to the vendors of Chrisal, priced at 0.751 pence per share. The additional stake is valued on the same basis as the initial stake acquired in March 2021.

The purchase comes after four minority shareholders exercised their option to sell their shares in Heiq on December 2.

Heiq Chrisal develops Heiq Synbio, which makes hospital detergents much more effective than the disinfectants currently in use.

(EUR 1 = USD 1.054)

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