Intrexon sees future in genetically modified (GM) animal produce, buys 48% stake in genetically modified fish research firm Aquabounty from firm of Georgian ex-scientist turned oligarch with plans to become supermajority stakeholder.
US-based genetic biotech firm Intrexton has purchased a 48% stake in the London Stock Exchange-listed AquaBounty Technologies.
The transaction sees Intrexon purchase 48,631,444 AquaBounty shares for $6m in cash from Netherlands-based equity fund manager Linnaeus Capital Partners and it’s subsidiary Tethys Oceans.The price paid per share,about $0.12 each.) represents a 49% premium over AquaBounty’s closing market value.
Linnaeus Capital Partners was founded by Kakha Bendukidze, a Georgian oligarch and early financial backer of AquaBounty.
Upon completion of the acquisition, Kakha…
