Sisecam Flat Glass Italy buys Sangalli Porto Nogaro

By end of October 2016, Sisecam Flat Glass Italy has completed the acquisition of Porto Nogaro s.p.a. , originally owned by the Sangalli Vetro company. Sangalli Vetro is Italian leader among the major flat glass producers in Europe.

Flat Glass Italy belongs to the turkish group Sisecam, a leading glass manufacturer in the world, listed on the Istanbul Stock Exchange. It has been assisted by the law firm Lombardi Molinari Signs with partnered Ruggero Gambarota and associated Pierangelo Totaro.

Sangalli Porto Nogaro has been evaluated at a value of 84.7 milion Euro and sales has been assisted by the lawyers Massimo Zappalà resp. Barel Malvestio & Associates.

The acquisition was made in execution of the plan of arrangement presented by the seller on 30 June 2015 and approved on 15 September 2016.