Zinzino AB (publ.): Zinzino acquires 35% of the shares in Andorra-based Xion International Group for further development of its own-produced omega-3 oil and spirulina

Core Insights - Zinzino has acquired 35% of Xion International Group to form a joint venture focused on algae production using bioreactors, aiming to secure a sustainable supply of omega-3 for its product BalanceOil+ [1][2][7] - The partnership with Xion, which has developed advanced photobioreactor technology for microalgae production, is expected to enhance Zinzino's product portfolio and brand protection [3][4][6] Financial Details - The acquisition cost Zinzino EUR 1.2 million, with EUR 0.7 million paid in cash and EUR 0.5 million settled through newly issued shares [5] Strategic Importance - This initiative is part of Zinzino's broader strategy to meet increasing global demand and expand its market presence while ensuring sustainable growth [2][6] - The collaboration with Xion will lead to the establishment of a new company, PhytoFerm, focused on producing omega-3 and other oils from algae, positioning Zinzino as a leader in sustainable nutritional solutions [7][8]