In France, Global Bioenergies announced the completion of a €1.4m equity investment from Synthos, a European leader in the manufacturing of rubber. This investment was part of the partnership agreement, signed in July 2011. It was calculated on the basis of a €23.48 share value. Accordingly, Synthos now owns a 3.6% stake of Global Bioenergies. The partnership agreement has Global Bioenergies responsible for R&D at the laboratory level, and Synthos will then take the process to the industrialization stage.
