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Eight sentenced in Bio-On bankruptcy

The first-instance trial for the collapse of the Italy-based bioplastics producer, once valued at €1.5 billion on the stock market, has concluded.

November 25, 2024 15:47

bio-on plasnt Bologna Italy Five years after the company’s closure and two years of hearings, the Bologna Court in Italy has issued its verdict in the first-instance trial concerning the bankruptcy of Bio-On, the company founded by Marco Astorri and Guy Cicognani to produce polyhydroxyalkanoates (PHA)-based bioplastics.
The trial ended with eight convictions and one acquittal for charges including fraudulent bankruptcy, misappropriation, and attempted abusive credit recourse.

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