Business
Zinzino AB (publ.): Zinzino acquires 35% of the shares in Andorra-based Xion International Group for further development of its own-produced omega-3 oil and spirulina
Zinzino announced in a press release on July 11, 2025, that the company had initiated a process to acquire 35% of Xion International Group with the aim of forming a joint venture to produce algae using bioreactors. Zinzino has now completed the first step in the process and acquired 35% of the shares in Xion. Together, the next step in the joint project to develop the cultivation method and production of microalgae in a joint venture, in which Zinzino owns 55% of the shares, is now being initiat
About this update from Zinzino Ab Class B
[{"type":"text","content":"GOTHENBURG, Sweden, Nov. 11, 2025 /PRNewswire/ -- Zinzino announced in a press release on July 11, 2025, that the company had initiated a process to acquire 35% of Xion International Group with the aim of forming a joint venture to produce algae using bioreactors. Zinzino has now completed the first step in the process and acquired 35% of the shares in Xion. Together, the next step in the joint project to develop the cultivation method and production of microalgae in a joint venture, in which Zinzino owns 55% of the shares, is now being initiated in order to secure a future sustainable supply of omega-3 for the company's main product, BalanceOil+; a polyphenol-rich, omega-balancing dietary supplement.","length":714,"tagName":"p"},{"type":"text","content":"This is a very important strategic initiative to meet the increased demand for the product arising from Zinzino's global expansion and high sales growth.","length":157,"tagName":"p"},{"type":"text","content":"Xion is an innovative production company with its own patents based in Spain that has developed one of the world's first high-tech photobioreactor systems for the production of the nutrient-rich microalgae spirulina. Xion's groundbreaking, award-winning technology, with a cultivation method based on nature's own principles, sets a new standard for sustainable, efficient, and clean production and creates great opportunities for large-scale cultivation and production of all types of photosynthetic, plant-based algae.","length":532,"tagName":"p"},{"type":"text","content":"Xion's operations are currently conducted on a small scale, with most of the production going to Zinzino's existing spirulina-based products, which were added through the acquisition of Xelliss in 2024. Xion has an annual turnover of approximately EUR 1.3 million. The partnership gives Zinzino access to Xion's IP rights, which opens up opportunities to further develop and increase brand protection for Zinzino's product portfolio.","length":449,"tagName":"p"},{"type":"text","content":"Zinzino is acquiring 35% of the shares in the company for a fixed purchase price of EUR 1.2 million. The cash portion of the transaction amounts to EUR 0.7 million and is financed through the group's own cash reserves. The remaining EUR 0.5 million will be settled through newly issued Zinz...