Italy's Pro-Gest Group recently presented a binding offer for the purchase of Burgo's Mantua deinked pulp and paper mill in Italy.
The mill, which has the capacity to produce 160,000 tonnes per year of newsprint from 100% deinked pulp, houses one paper machine, PM1, which was idled in February 2013.
According to Pro-Gest, “the stated goal of both parties is a re-launch of the industrial site taking account into the characteristics of the site but also the employment impact on the territory.”
The deal is subject to customary contractual conditions.
