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Morattis selling 35% of Saras to Vitol - Business

2024-02-12T12:54:25.606Z

Highlights: Morattis selling 35% of Saras to Vitol - Business.co.uk. Chairman Massimo Moratti, former owner of Inter Milan football club, said the deal was the best way to safeguard the future of the Sarroch refinery outside Cagliari. Unions voiced concern over the takeover saying they wanted to see Vitol's industrial plan for the plant. The company has been supplying about a quarter of Italy's oil since his father Angelo set it up in 1962.

The Moratti family have reached a deal to sell 35% of oil company Saras to Swiss-Dutch giant Vitol, the family said Sunday night. (HANDLE)

The Moratti family have reached adeal to sell 35% of oil company Saras to Swiss-Dutch giantVitol, the family said Sunday night.

Chairman Massimo Moratti, former owner of Inter Milan football club, said the deal was the best way to safeguard the future of the Sarroch refinery outside Cagliari, which has been supplying about a quarter of Italy's oil since his father Angelo set it up in 1962.

Unions on Monday voiced concern over the takeover saying they wanted to see Vitol's industrial plan for the plant.

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