L'Oréal: takes minority stake in Microphyt
(CercleFinance.com) - L'Oréal BOLD (Business Opportunities for L'Oréal Development) has acquired a minority stake in Microphyt.
"This partnership is an additional proof point of L'Oréal's Research and Innovation strategy towards Greens Science and its investment in innovative biotech start-ups in France, and across the world," the group said.
Microphyt has developed a revolutionary low-carbon process for the production of microalgae - microscopic plant organisms used in cosmetics for their active properties and functional qualities.
This French biotech is one of the companies producing the largest varieties of microalgae in the world on a large scale and in a controlled manner.
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