- Versalis already held 36 percent of the Novamont’s shares
- Mater-Bi is controlled by Investitori Associati II and NB Renaissance
- NB Renaissance invested in Novamont in 2015
Versalis has signed an agreement to acquire the 64 percent of Novamont’s shares it does not own, which are held by Mater-Bi. No financial details of the transaction were disclosed.
Mater-Bi is controlled by Investitori Associati II and NB Renaissance.
Novamont works in the bioplastics and biochemicals sector. The company is based in Piedmont, Italy.
NB Renaissance invested in Novamont in 2015.
Versalis is an Italian chemical company headquartered in Milan. It is owned by energy company Eni.
Versalis’ acquisition of Novamont will help accelerate its strategy through the integration of a technological platform, according to a release.
NB Renaissance is a Milan-headquartered investment firm that invests in international companies based in Italy.
Mater-Bi is a range of bio-based plastics produced by Novamont which are biodegradable and compostable.
Investitori Associati is a private equity firm based in Milan, Italy.
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