# Versalis acquires 40% stake in Finproject

Versalis, the chemical company of Eni, signed the closing to acquire a 40% stake in Finproject from VEI Capital. The deal creates an Italian entity in the supply chain of polymers for special applications.

- Type: Acquisition
- Announced: 2020-07-24
- Where: Italy
- Status: completed
- Products: cross-linkable and thermoplastic compounds, ultra-light materials (XL EXTRALIGHT)
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Versalis](https://endata.com/companies/10520.md) (acquirer)
- [Finproject](https://endata.com/companies/23516.md) (target)
- [VEI Capital](https://endata.com/companies/44937.md) (partner)

## Sources

- [eni.com](https://www.eni.com/en-IT/media/press-release/2020/07/versalis-closing-signed-to-acquire-40-of-finproject-s-share-capital.html), 2020-07-24: "Versalis announces the signing of the closing that formalizes the acquisition of a 40% stake in the Finproject capital from VEI Capital."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.