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Bio-UV Group SA ( (FR:ALTUV) ) just unveiled an announcement.
BIO-UV Group successfully raised €8 million through a capital increase, which saw a demand of approximately €9.5 million, representing an oversubscription rate of 137%. The funds will be used to develop new services, expand into new territories, strengthen the sales force, and reduce debt, thereby enhancing the company’s strategic positioning and operational capabilities.
More about Bio-UV Group SA
BIO-UV Group SA is a specialist in water treatment and disinfection systems utilizing technologies such as UV, ozone, salt electrolysis, and advanced oxidation processes. The company operates in the environmental technology industry, focusing on providing solutions for water purification and disinfection.
YTD Price Performance: -7.05%
Average Trading Volume: 21,137
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €27.52M
For an in-depth examination of ALTUV stock, go to TipRanks’ Stock Analysis page.