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Bioganix

  • BY: Andrew Hore |
  • POSTED: 25/09/2008 |

Bioganix says that it has been approached by a third party.

The waste treatment plant operator needs more cash in order to pursue its growth ambitions. An acquirer may be more likely to find the cash to finance this growth.

Bid discussions are at an early stage.

Shares in Bioganix rose 12p to 34.5p each, which values the company at £2.8m.

Bioganix is due to report its interim results on 26 September.

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