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Creo Medical shares jump 27% on plan to sell remaining European stake and raise £5.5M in placing

Market News
22 May 2026
Proactive Investors
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Bullish
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Creo Medical announced plans to sell its remaining 49% stake in its European division to the division's CEO, with the deal expected to complete within three months pending approvals. The company also plans to raise approximately £5.5 million through a share placing at a 31.9% premium, with directors and the Development Bank of Wales subscribing significant amounts. Full-year 2025 results showed strong revenue growth and reduced losses, and the company expects 2026 revenue growth between 50% and 60%. The stake sale and fundraising aim to simplify the group, strengthen the balance sheet, and fund the company until it reaches sustainable cash flow and profitability.

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