Finance: News in Brief

Nuo Capital buys 78.5% of the group and is preparing a takeover bid to withdraw it from Piazza Affari. It seems easy to resist the overwhelming financial power of the Chinese. That perhaps to cheer themselves up from Donald Trump's tariffs they decided to make themselves a coffee. One of the symbols passes into foreign hands than that you can't get one of the symbols...

The investment fund Nuo Capital buys into the Italian company Bialetti and wants to take it off the stock exchange. It is not the first time that the manufacturer of the world-famous mocha can has financial problems.

Finance: News in Brief

Latte Legacy In big news for coffee lovers, Italian coffee maker Bialetti has been bought by Hong Kong-based Nuo Capital, owned by businessman Stephen Cheng. The firm has secured 78.6 per cent of Bialetti through two separate deals: 59 per cent from the main owner for €47.3 million, and another 19.6 per cent from Sculptor Ristretto for €5.7 million. Nuo Capital plans to buy out the rest of the… Source

Small and handy, uncomplicated and hard to break: Bialetti's espresso cans have been around for almost 100 years. Now a Chinese investor is reaching for the cult brand. A small homage to hissing and steaming.

Chinese-owned group to acquire Bialetti

Nuo Capital, a Luxembourg-based fund controlled by Chinese tycoon Stephen Cheng, said Wednesday that it has signed an agreement to purchase 78.567% of Bialetti's shares. (ANSA)