# Versalis to acquire remaining 60% stake in Finproject

Versalis has exercised a call option to buy the remaining 60% of Finproject, raising its stake to 100%. The transaction is expected to close in Q4 2021.

- Type: Acquisition
- Announced: 2021-09-01
- Where: Marche region, Italy
- Status: announced
- Capacity: 20,000 tons per year
- Products: cross-linkable and thermoplastic compounds, ultralight expanded materials
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Versalis](https://endata.com/companies/10520.md) (acquirer)
- [Finproject](https://endata.com/companies/23516.md) (target)
- [Ecoplastic](https://endata.com/companies/57768.md) (target)
- [De Berg group](https://endata.com/companies/57769.md) (partner)
- [Fin Project](https://endata.com/companies/58187.md) (target)

## Sources

- [eni.com](https://www.eni.com/en-IT/media/press-release/2021/09/versalis-to-acquire-remaining-60-percent-stake-in-finproject.html), 2021-09-01: "Versalis has announced that it has exercised the call option to buy the remaining 60% of the shares of the Marche region based industrial group Finproject"
- [eni.com](https://www.eni.com/en-IT/media/press-release/2021/09/versalis-acquire-technologies-plants-new-mechanical-recycling-hub-porto-marghera.html), 2021-09-16: "The agreement signed today guarantees Versalis the expertise developed by Ecoplastic, allowing it to accelerate developments in advanced mechanical recycling and expand the portfolio of the Versalis Revive® range of recycled polymers."
- [versalis.eni.com](https://versalis.eni.com/en-IT/news/press-release/2021/versalis-to-acquire-remaining-60-stake-in-finproject-to-become-the-italian-leader-in-the-production-of-special-polymers.html), 2021-09-22: "Versalis has announced that it has exercised the call option to buy the remaining 60% of the shares of the Marche region based industrial group Finproject"
- [rubbernews.com](https://www.rubbernews.com/acquisition/versalis-acquire-italian-compounder-finproject/), 2021-09-23: "Versalis to acquire full ownership of Italian compounder Finproject"
- [plasticsnews.in](https://plasticsnews.in/2021/10/06/versalis-to-acquire-remaining-60-stake-in-fin-project-to-become-the-italian-leader-in-the-production-of-special-polymers/), 2021-10-06: "Versalis has announced that it has exercised the call option to buy the remaining 60% of the shares of the Marche region-based industrial group Fin project, an Italian leader in the compounding sector and in the production of ultralight products, in order to raise its stake to 100%."

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