EuroAPI is listed
CDMO EuroAPI has been listed on the Euronext Paris market as of 5 May. CEO Karl Rotthier said that the listing “marks an exciting milestone for the development of our company as it will enable us to consolidate our leadership in the dynamic API market”.
The company emerged from Sanofi, which has confirmed its intention to hold circa 30% of the shares and agreed to a two-year lock-up, remaining a long-term strategic partner, while L’Oréal, Sanofi’s largest shareholder, will hold approximately 5% and has committed to a one-year lock-up. EPIC Bpifrance, acting for the account of the French State in accordance with the Convention French Tech Souveraineté, has agreed to buy 12% and has also committed to a two-year lock-up period. The delivery of these shares on 17 June will be the next step in the process.
In addition to CDMO activities, EuroAPI’s ‘API Solutions’ business has a portfolio of some 200 APIs, which it sells to over 500 customers in more than 80 countries. It owns six European manufacturing sites and development centres, employing about 3,350.