Coffee pot maker Bialetti to be acquired by NUO Capital


ROME, April 16 (Xinhua) -- Bialetti, the Italian maker of the stovetop Moka coffee pot, is set to be sold to NUO Capital, an investment fund based in Luxembourg.

According to the Italian Stock Exchange, NUO Capital, led by a Hong Kong-based entrepreneur, will pay more than 53 million euros (60.4 million U.S. dollars) for a stake of around 78.5 percent in Bialetti.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

With tariffs ruling, Supreme Court reasserts its power to check Trump
Exclusive-Cuban security forces exit Venezuela as US pressure mounts
France's Macron calls for calm ahead of march for far-right activist killed last week
Two soldiers, five militants killed in Bannu, Pakistan army says
Ukrainians, scattered across Europe, trapped in limbo by war
Macron says US Supreme Court tariff ruling shows it is good to have counterweights to power in democracies
Analysis-Trump pushes US toward war with Iran as advisers urge focus on economy
Trump meets Vietnam leader, vows to remove Hanoi from restricted lists
Analysis-Supreme Court checks Trump's expansive view of executive power
Trump furious after Supreme Court upends his global tariffs, imposes new 10% levy

Others Also Read