 Gardini wanted to reorganize and integrate the company into his sugar and fertilizer empire, but the debt burden he incurred during the takeover rapidly brought Montedison on the threshold of bankruptcy, forcing Gardini to seek state aid.In 1988 a new joint-venture was formed with Eni, called Enimont, in which both companies had 40 per cent of the shares, while 20 per cent was sold on the market.In 1990 Eni bought all Montedison's shares in Enimont, and Montedison withdrew from the chemical sector to pursue a role as an energy company.