NUO Capital to pay €53m for 78.6% of its shares and deal to close by end of June
Bialetti, the Italian manufacturer of the famed stove-top moka coffee pot, has struck a deal to sell the business to an investment vehicle owned by a Chinese tycoon.
Founded in 1933 by Alfonso Bialetti, an engineer who produced the first coffee pots from his workshop in Crusinallo, Piedmont, the company is being bought by Luxembourg-registered NUO Capital, which will pay €53m for 78.6% of its shares.
More Stories
‘We’re in the Hamptons of England’: Trump sends wealthy Americans fleeing to the Cotswolds
Whiplash reversals mean Trump’s erratic trade policy is as clear as mud
‘Really a mess’: America’s air traffic control system suffering from years of neglect