<ul><li>Italian coffee pot maker Bialetti has agreed to sell the business to Luxembourg-registered NUO Capital, a Chinese-owned investment vehicle.</li><li>NUO Capital will acquire 78.6% of Bialetti's shares for €53m and plans to launch a tender for the remaining shares before delisting the company from Milan's stock exchange.</li><li>The deal is subject to regulatory approval and potential scrutiny under 'golden powers' regulations.</li><li>Bialetti has faced challenges in recent years due to poor investments, competition from capsule coffee makers, and the impact of the Covid-19 pandemic.</li></ul>

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

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