NUO Capital to acquire a 26.4% stake in Andriani.

NUO Capital, a private equity firm, agreed to acquire a 26.4% stake in Andriani, a provider of food products. Financial terms were not disclosed. Following the agreement, Andriani will keep the majority of the share capital and the company management led by Michele and Francesco Andriani. The company's development plan envisages rapid expansion into the American and Asian markets; the increase in investments in innovation and in supply chain projects; and further investments in long-term sustainability projects, including achieving the plant's carbon neutrality, expected by 2025.