on AFYREN (EPA:ALAFY)
AFYREN secures 7 million euros for its subsidiary AFYREN NEOXY
AFYREN has announced that it has secured an additional €7 million in financing for its subsidiary, AFYREN NEOXY. This financing, expected to be completed by the end of 2024, includes €4 million in sustainability-related loans and a €3 million New Industry Loan from Bpifrance. AFYREN intends to use these funds to support the ramp-up of its plant. The company has an estimated cash position of €35 million as of December 31, 2025.
AFYREN initially secured a €10 million sustainability-linked loan in 2024, of which €6 million has been disbursed. The current disbursement demonstrates the confidence of partner banks in AFYREN. The New Industry Loan is part of the France 2030 Plan, supporting the industrialization of innovative technologies.
This funding, along with grants and a capital increase, strengthens AFYREN's financial structure, allowing the company to focus on its strategic investments for the future.
R. H.
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