Burgo Group to sell stake in joint venture company Italmaceri
Italian paper manufacturer Burgo Group has announced its intention to divest its 50% stake in recycling firm Italmaceri in Italy. The company is a joint venture between Burgo and SCA, which recently announced the sale of its packaging division including its recycling activities to DS Smith. Italmaceri operates six sites for collection, selection and processing of recycled paper and annually trades some 300.000 t of recovered paper. Burgo explained it wanted to continue with its program to sell its non-core assets.