LONDON (ICIS)–Versalis has acquired the
remaining 64% of Novamont’s shares previously
held by Mater-Bi for an undisclosed sum, the
Italian producer said on Wednesday.

Versalis – energy firm Eni’s chemical business
– now holds the entire share capital of the
Italian bioplastics maker.

“The acquisition of Novamont will allow us to
drive our strategy towards chemistry from
renewables through the integration of the two
portfolios,” said Versalis CEO Adriano Alfani.

Mater-Bi is a company controlled by private
equity funds Investitori Associati II and NB
Renaissance.