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Collagen Solutions welcomes new institutional investor Rosen’s Diversified

Jamal Rushdy and Hilary Spence from Collagen Solutions PLC (LON:COS) speak to Proactive London following the news they're to raise £6mln at a premium to its current share price.

A multi-billion-dollar US agriculture company has agreed to contribute the majority of the cash.

Rosen’s Diversified, the fifth largest beef processor in the US and valued by Forbes at over £2.4bn (US$3bn), is to invest £4.2mln into Collagen through the purchase of 83.6mln shares at 5p apiece – almost 25% above Friday’s closing price.

 
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