Food tech investor Agronomics hit again as its biggest bet fails to find a buyer
30 Sept 2026
15:55
London-listed investor Agronomics' biggest holding, Liberation Bioindustries, needs another $25m to finish a US protein fermentation plant, after failing to secure a buyer.
The shortfall follows two years of falling net asset value at Agronomics, including one full write-off, per company filings.
"There's not much we can do about that, but accept, wait, hold, be patient and deliver and produce some exits for investors," Jim Mellon, the billionaire chair of Agronomics, told Impact Loop in June about its discounted share price.
The shortfall follows two years of falling net asset value at Agronomics, including one full write-off, per company filings.
"There's not much we can do about that, but accept, wait, hold, be patient and deliver and produce some exits for investors," Jim Mellon, the billionaire chair of Agronomics, told Impact Loop in June about its discounted share price.
Liberation Bioindustries, the largest holding of London-listed investor Agronomics, needs another $25m to finish its US plant after failing to find a buyer.
Agronomics, chaired by British billionaire investor Jim Mellon, disclosed the shortfall in a stock exchange announcement on Tuesday. It said Liberation will miss its target of finishing the plant in Q4 2026.