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Epochal turning point: Bialetti passes into Chinese management
Nuo Octagon Signs Two Contracts for the Acquisition of 78.56% of the Capital
After reporting the good results of the 2024 budget, Bialetti announced the transfer of a large part of its assets into Chinese hands. The Brescia-based coffee machine group has signed an agreement with Nuo Octagon Spa for two purchase contracts for 78.567% of the share capital of Bialetti Industrie. To be precise, the Luxembourg company (which however is headed by the Chinese magnate Stephen Cheng...
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EFA News - European Food Agency
EFA News - European Food Agency