Spinnova: adidas becomes anchor investor
Spinnova

adidas becomes anchor investor

(Source: Spinnova)
(Source: Spinnova)

adidas is investing € 3 million in the planned IPO (initial public offering and listing) of Spinnova Oy, Jyväskylä/Finland. Spinnova produces sustainable fibers from wood and waste without the use of harmful chemicals. According to the sports goods manufacturer adidas AG, Herzogenaurach/Germany, shares worth € 3 million are to be subscribed as part of the planned offering. This will give adidas access to "significant quantities" of the innovative material from the Finnish textile fiber manufacturer.

 

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