# Versalis increases stake in Novamont to 35%

Versalis, a subsidiary of Eni, will increase its shareholding in Novamont to 35%, with Mater-bi holding the remaining 65%. The companies will revise the structure of their Matrica joint venture to focus on circular plastics.

- Type: Investment
- Announced: 2022-04-08
- Where: Italy
- Status: announced
- Products: biomonomers for biodegradable polymers, biolubricants, bioadditives for elastomers
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Novamont](https://endata.com/companies/2470.md)
- [Eni](https://endata.com/companies/1667.md) (investor)
- [Versalis](https://endata.com/companies/10520.md) (investor)
- [Mater-bi](https://endata.com/companies/62201.md) (partner)

## Sources

- [chemanager-online.com](https://chemanager-online.com/en/news/versalis-and-novamont-refocus-on-circular-plastics), 2022-04-08: "Milan-based Versalis, a subsidiary of Rome-headquartered energy giant Eni, will widen its shareholding in Novamont to 35%."

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