Eni's Versalis Is in Final Talks to Fully Acquire Novamont
05 April 2023 - 5:16PM
Dow Jones News
By Giulia Petroni
Eni SpA's chemical subsidiary Versalis is in exclusive
negotiations to finalize the acquisition of a remaining 64% stake
in Italian bioplastic group Novamont, taking full control of the
company.
The Italian oil-and-gas major said Wednesday that negotiations
are underway with Mater-Bi, a company controlled by Investitori
Associati II and NB Renaissance. Versalis currently holds a 36%
share in Novamont.
Financial details weren't released.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
April 05, 2023 11:01 ET (15:01 GMT)
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