Novozymes A/S Agrees to Acquire GroPep Limited

August 15, 2006

Novozymes A/S has proposed to acquire all issued securities of Australian biotech GroPep Limited via a scheme of arrangement, offering A$2.05 per share and valuing GroPep at approximately A$96 million. The transaction is subject to typical scheme and regulatory approvals, with completion expected by end of 2006, and is intended to expand Novozymes' biopharmaceutical/recombinant-ingredient capabilities and market access.

Buyers
Novozymes A/S
Targets
GroPep Limited
Sellers
GroPep share and option holders
Industry
Biotechnology
Location
South Australia, Australia
Transaction Type
Buyout

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