Acquisition of Novamont signed with Mater-Bi
Versalis, Eni's chemical company and 36% shareholder of Novamont, and Mater-Bi, a company controlled by Investitori Associati II and NB Renaissance, announce that they have signed the agreement for the acquisition by Versalis of the remaining 64 % of the Novamont share package held by Mater-Bi. Novamont is a leading international company in the field of chemistry from renewable sources.
The effectiveness of the transaction and the relative timing for finalization are subject to the approval of the competent authorities.
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Versalis is the first Italian chemical company and an international leader whose strategy is strongly aimed at the specialization of the portfolio also through chemistry from renewable sources. The acquisition of Novamont, a B Corp certified benefit company, a leading player in the circular bioeconomy sector and in the market for the development and production of biodegradable and compostable bioplastics and biochemicals, represents a great opportunity to accelerate the strategy through the integration of a technological platform unique and complementary, providing a significant contribution to the decarbonisation of the product portfolio.
The operation will make it possible to strengthen the Novamont platform by accelerating the development of multi-product supply chains with high added value and local projects to decouple the use of natural resources from economic growth in the logic of doing more with less.