Mossi Ghisolfi Weighs Sale of Italian Biofuel Business – Source
by Stephen Jewkes (Reuters) Italian bioplastics multinational Mossi Ghisolfi is considering selling its Italian business in the biofuels sector as part of a restructuring deal, a source close to the matter said.
The company, Italy’s second-biggest chemicals business behind that of oil group Eni, has hired Mediobanca to run the process, the source said.
In Italy, M&G Finanziaria controls Beta Renewables – the first plant in the world to produce second-generation ethanol.
“A series of private equity and industrial players have expressed an interest,” the source said, but added no decision to sell had yet been made. READ MORE