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Italian coffee pot maker Bialetti to be sold to Chinese business NUO Capital

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.

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