# Versalis completes acquisition of Novamont

Versalis, a subsidiary of Eni, completed the acquisition of the remaining 64% of Novamont, a bioplastics producer, for an undisclosed amount. The transaction was announced on 28 April 2023 and closed on 18 October 2023.

- Type: Acquisition
- Announced: 2023-10-01
- Where: Novara, Italy
- Status: completed
- Products: bioplastics, biochemicals, bioproducts
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Eni](https://endata.com/companies/1667.md) (partner)
- [Novamont](https://endata.com/companies/2470.md) (target)
- [Versalis](https://endata.com/companies/10520.md) (acquirer)
- [Mater-bi](https://endata.com/companies/62201.md) (partner)
- [Investitori Associati II](https://endata.com/companies/72982.md) (partner)
- [NB Renaissance](https://endata.com/companies/72983.md) (partner)

## Sources

- [eni.com](https://www.eni.com/en-IT/media/press-release/2023/10/versalis-acquisition-novamont-completed.html), 2023-10-01: "The acquisition of Novamont will allow us to drive our strategy towards chemistry from renewables through the integration of the two portfolios."
- [novamont.com](https://novamont.com/eng/leggi_press.php?id_press=76), 2023-10-18: "Versalis announces that it now holds the entire share capital of Novamont, of which it already owned 36%."
- [plasticsnews.com](https://www.plasticsnews.com/news/versalis-completes-acquisition-novamont/), 2023-10-19: "Versalis completes acquisition of Novamont"

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