Announced
Synopsis
Eni-backed Versalis, a manufacturer of petrochemical products, agreed to acquire the remaining 60% stake in Finproject, a firm engaged in the compounding sector and in the production of ultralight products. Financial terms were not disclosed. “The acquisition of the total share package of Finproject is a strategic step to further accelerate Versalis’ path towards portfolio specialization and access to new markets. The combination of our expertise and Finproject’s will allow us to create an integrated technological platform and grow rapidly in the joint development of products and solutions of great value," Adriano Alfani, Versalis CEO.
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