Compagnie Nationale à Portefeuille (Cnp), Belgian holding owned by Albert Frère, is ready to buy a stake in Caffitaly, the Italian producer of coffee machines and capsules. The investment, equal to €100-200 million, would allow Cnp to buy 49% stake in the Italian Group.In 2017, Caffitaly’s business is estimated at €145 billion, while its ebitda margin should be valued at 31%, €45 billion. Therefore...