Ami Organics shares surge after multi-million Euro deal with Finland company

Shares of active pharmaceutical ingredient (API) and specialty chemicals maker AMI Organics rose on Monday after the company announced a multi-million euro deal with Fermion, an arm of Finland’s Orion Group.

The company has signed a definitive multi-year, multi-tonne agreement with Fermion for the supply of an intermediate for their patented product.

Fermion is a fully-owned subsidiary of Finland-based Orion Corporation. The total minimum contract value spread over a 10-year horizon is expected to be worth multi-million euros.