InVivo finalizes capital increase for animal health unit

March 23, 2015 6:54 PM

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PARIS (Reuters) - French agricultural group InVivo said on Monday it had finalised a capital increase for its animal health and nutrition division that will see investors led by private equity firm Eurazeo inject 215 million euros ($235.3 million).

InVivo said last year that it planned a capital increase to contribute about half of some 500 million euros in new financing as it seeks to double sales at the division over the next 10 years from 1.3 billion euros last year.

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