Nylon yarn maker Nylstar, which is jointly owned by Rhodia of France and Snia of Italy, could be sold to turnaround specialists according to daily newspaper Il Sole 24 Ore.

Citing financial sources, the paper said Italian financier Vincenzo Manes and German fund Orlando are eyeing the firm.

Last year, Rhodia and Snia agreed to sell Nylstar to Italian synthetic fibre maker RadiciFibres, but the deal fell through.

Nylstar is currently being restructured after posting a gross operating loss of EUR28m last year.