CDPQ invests $289 mln in Luxembourg's Eurofins Scientific
Caisse de dépôt et placement du Québec (CDPQ) has invested about $289 million (€$200 million) in Eurofins Scientific SE, a provider of clinical diagnostic testing headquartered in Luxembourg. Eurofins, which went public in 1997, operates more than 225 laboratories across 39 countries to test food, environment and pharmaceutical products. Its sales have increased by 37 percent each year, to reach over €1.9 billion in 2015, Eurofins reported. The proceeds of the private placement deal will enable the company to continue making acquisitions in an industry that remains fragmented, CDPQ said.
30 June 2016•3 mins read
