Lisbon, 16 October 2018 – Euronext today welcomed Farminveste SGPA, SA (“Farminveste”) on Euronext Access in Lisbon.
Farminveste is an investment company whose corporate objective is to invest in companies in the areas of pharmaceutical distribution, information technology and systems, pharmaceutical market intelligence, provision of healthcare services and real estate. Its main shareholder is the Portuguese National Pharmacies Association whose membership comprises almost all pharmacies in Portugal. Other shareholders include several Portuguese Pharmacies.
The listing of Farminveste highlights the ambition of the company and its long-term objectives, enhancing its domestic and international profile and reputation. It also demonstrates the core mission of Euronext to finance the real economy, giving companies the visibility and the access to a wide range of investors, and also access to capital.
Paulo Jorge Cleto Duarte, CEO of Farminveste, said: “The admission to trading of Farminveste B shares on the Euronext Access platform is a significant step towards the consolidation of the Farminveste group's growth. Its main objective is to enable investors to have a mechanism that facilitates the transaction of the company's shares and the establishment of a reference price for them. It is also an additional guarantor of credibility and transparency for the market."
Farminveste (ticker symbol: MLFMV) was listed through the admission to trading of 9,500,000 B-shares through a technical listing on 16 October 2018The company’s market capitalisation on the day of its listing was €53 million considering only the listed B-shares.
Euronext Access is a gateway market for companies seeking simplified access to listing and improved visibility. It is open to companies of all sizes, maturities or industries.
Farminveste – Investimentos, Participações e Gestão, S.A. ("Farminveste") is an investment company whose corporate object is to invest in companies in the areas of pharmaceutical distribution, information technology and systems, pharmaceutical market intelligence, provision of healthcare services and real estate. It is owned by the Portuguese National Pharmacies Association whose membership comprisesalmost all pharmacies in Portugal. For more information please visit: www.farminveste-sgps.com