MILAN, Oct 10 (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, Italys second-biggest chemicals business behind that of oil group Eni, has hired Mediobanca to run the process, the source said.
Mossi Ghisolfi (M&G), founded by the Ghisolfi family in 1953, is famous for introducing in Italy and across Europe PET, a plastic used for soft drink bottles like those of Coca Cola and Pepsi.
In 2013, it considered listing its M&G Chemicals unit in Hong Kong but then pulled plans as market conditions worsened.
The unexpected death of former managing director Guido Ghisolfi in 2015 and, more …
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