Financial Times FT.com

FuturaGene up 13% on stake increase

By Ed Hammond in London

Published: May 5 2009 20:03 | Last updated: May 5 2009 20:03

One of the world’s biggest forestry companies on Tuesday gave a show of confidence in plant genetic modification research when it increased its stake in FuturaGene, the UK biotechnology group.

FuturaGene, which specialises in plant cell wall modification for the biofuel, forestry and agricultural markets, announced that it would be issuing 4.4m new shares to the International Institute of BioScience Research and Development (IIBRD), to raise £1.5m.

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