Versalis to Acquire Firm Specializing in Chemicals from Renewable Business

Strategic Move Versalis to Acquire Firm Specializing in Chemicals from Renewable Business

2023-04-21 Source: Press release Ahlam Rais 1 min Reading Time

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Versalis is in the final stages of acquiring Novamont, a company specializing in chemicals from renewable business. With this move, the company aims to strengthen its business portfolio.

Milan/Italy – Versalis, Eni’s chemical company and 36 % shareholder of Novamont, and Mater-Bi, a subsidiary of Investitori Associati II and NB Renaissance, shareholder of Novamont’s remaining 64 %, have recently announced exclusive negotiations to finalize the acquisition by Versalis of Novamont’s entire share package.

Novamont is one of the leading international companies in the chemistry from renewables business, particularly in biodegradable and compostable bioplastics.

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