Economy and finance
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Economy and financeConsorzi Agrari d'Italia: the first balance sheet approved
Cai closed with a profit of over 6 million euros
On 25 May 2021, the assembly of the members of Consorzi Agrari d'Italia (Cai) was held at the headquarters of Cai in route Ventiquattro Maggio in Rome. The meeting approved the first financial statements... more
Economy and financeAutogrill approved data for the first four months
January-April revenues to 530 million (-45%)
The board of directors of Autogrill SpA examined and approved the consolidated revenue figures for the first four months to 30 April 2021. Autogrill recorded revenues of € 530.7 million from 962.6 million i... more
Economy and financeMahou San Miguel contains the drop in sales despite the pandemic
The Spanish group closed the year 2020 with a profit of 2.3 million euros
Mahou San Miguel, a Spanish brewer, in 2020 contained the decline in sales to -10.5% in value and -8.2% in volume and closed the year with a profit (€ 2.3 million), even if downsized compared to 2019. I... more
Economy and financeWrm accelerates its restructuring plan for Kipre (Principe and King's hams)
Advance payment to banks and commercial creditors
Kipre Holding SpA approved on May 10, 2021 the consolidated financial statements of the Kipre Group for the year 2020. The Group, with a turnover of 83.8 million Euros and a negative gross margin of over... more
Economy and financePanealba: loan of 72.5 million from Intesa Sanpaolo
The doubling of the Cherasco plant is expected
Panealba, a Piedmontese company from Cuneo, specialized in bakery products, has signed a medium / long-term loan of 72.5 million euros with Intesa Sanpaolo, in the role of bookrunner and Mla, Banca di... more
Economy and financeMarr: important signs of recovery
Ospitali (ad): "Revenues higher than the market trend thanks to the effects of commercial initiatives"
At the end of the 1st quarter the company recorded a positive trend, also confirmed in April, both in terms of revenues and profitability. more
Economy and financeCapital increase of $130 million for Huma digital health
Hat is the only Italian private equity investor
Leaps by Bayer and Hitachi Ventures led the capital increase, which sees, alongside existing shareholders, new strategic and financial investors such as Samsung Next, Sony Innovation Fund by Igv, Unilever Ventures. more
Economy and financeCarraro, goodbye to the stock market (with controversy)
Albemarle: "Clearly opportunistic operation and for the exclusive benefit of the majority shareholders"
Consob (the Italian Commission of Stock Exchange) has published the document for the takeover bid on Carraro Spa, a Paduan manufacturer of transmission systems for tractors and construction vehicles, aimed... more
Economy and financeTanzania and Ifad together to increase the productivity of the country
Objective: to improve food security and build the resilience of small farmers
A US$77.4 million project signed by the International Fund for Agricultural Development (IFAD) and the Government of the United Republic of Tanzania will bring much needed help to 260,000 rural households... more
Economy and financeRch in 2020: over 23 million in turnover
For 2021 growth estimated at 20% and further increase in the workforce
Rch has communicated the results for the year 2020 which recorded a turnover that exceeds 23 million euros, with a gross operating margin (ebitda) of 2.7 million euros. Despite the profound uncertainty... more
Economy and financeCdp and Sace help IWB in M&A
They subscribe bonds for 25 million, closed early placement of 130 million
Cassa Depositi e Prestiti and Sace support Italian Wine Brands for possible extraordinary acquisitions. The two public conglomerates have subscribed a share equal to 25 million of the 130 million bond... more
Economy and financeKellogg invests 140 million euros in Pringles
The new production line starts in the Polish factory opened early
This is an investment that will increase production by 34%, which corresponds to another 120 million cans of Pringles per year. more
Economy and financeAgriculture is the protagonist of Italian leasing
In 2020, 3,873 agricultural and primary processing companies were financed with over 491 million euros
Agriculture proves to be one of the leading sectors of Italian leasing. This is stated in the statistical report To Lease 2021 edited by Assilea, the Italian association of leasing and long-term rental.... more
Economy and financeDe Longhi: agreement for the acquisition of Eversys finalized
The remaining 60% was sold to the Group for Chf 110 million
Following the completion of the authorization process by the competent bodies (in particular the antitrust bodies) and the occurrence of the conditions precedent, the De 'Longhi Group finalized the agreement... more
Economy and financeBonifiche Ferraresi rewards employees
The holding closed 2020 with a profit of 2.4 million
The ordinary shareholders' meeting of BF Spa, the controlling holding of Bonifiche Ferraresi, approved the financial statements at 31 December 2020. The value of production stood at Euro 97.4 million,... more
Economy and financeUnilever grows thanks to "at home" consumption
Recorded an increase in sales of 5.7% in the first quarter of 2021
Unilever reported sales growth of 5.7% in the first quarter of 2021, driven by strong demand for food at home. The owner of Ben & Jerry's, Marmite and Hellmann's reported revenues of € 12.3 billion in t... more
Economy and financeGreen Deal: 3,000 million trees by 2030
A plan that could increase the risk of fires if not carried out according to good planning
Forests are large "carbon sinks" and contribute greatly to compensating for the increase in carbon dioxide in the atmosphere. For this reason, policies to preserve and restore them are widely supported... more
Economy and financeMondelēz International rides the wave of emerging markets
7.9% growth in net sales in the first quarter of 2021
Mondelēz International reported growth of 7.9% ($ 7.24 billion) in net revenue in the first quarter of 2021, and has seen improved sales in its emerging markets. The Group explained in a press release... more
Economy and financeAutogrill: 2020 financial statements approved
Revenues down by 59.8% at constant exchange rates compared to 2019
The shareholders' meeting of Autogrill SpA, which met under the chairmanship of Paolo Zannoni, examined and approved the 2020 financial statements, which show a net loss of € 38,287,850, and also approved t... more
Economy and financeCrédit Agricole Italia conquers the CreVal
Success for the takeover bid
Crédit Agricole Italia has communicated that on the basis of the provisional results communicated by the appointed intermediaries, approximately 90.94% of the Credito Valtellinese shares subject to the... more
Economy and financeBalsamic vinegar of Modena IGP passes the 2020 test
Global production of 90 million liters recorded
Despite the difficult economic conditions caused by the pandemic, primarily the closures in the out-of-home channel both in Italy and abroad, the balsamic vinegar of Modena IGP wins the 2020 test, registering... more
Economy and financeDe Longhi approves the 2020 financial statements
The year ended with revenues up by 11.9%
The shareholders 'meeting of De' Longhi SpA, which met today in ordinary session, approved the 2020 financial statements, thus confirming the data approved by the board of directors on 11 March 2021. "2020... more
Economy and finance"Don't just share, care" for "Earth Day 2021"
SodaStream presents its sustainability goals / Video
The SodaStream campaign for "Earth Day 2021" "Don't just share, care" starts today, starring the well-known American entrepreneur Randi Zuckerberg , who in a video invites people to show concern for the... more
Economy and financeDeA Capital: approved the financial statements at 31 December 2020
Net profit of 25.4 million euros
The general meeting of shareholders of DeA Capital SpA met today under the chairmanship of Lorenzo Pellicioli. The shareholders' meeting approved the financial statements at 31 December 2020 of the parent... more
Economy and financeWith the pandemic, the sale of frozen food at home is growing
For Bofrost suisse turnover of 37.3 million Chf, + 25.8%
Bofros suisse AG, a Swiss company engaged in the home-based sales of frozen foods, closed its 2020-21 financial statements at the end of February with a turnover of 37.3 million francs, + 25.8% compared... more
Economy and financePepsiCo on the rise in the first quarter of 2021
Recorded net revenues of 2.4%, the company expects further increases in Q2
PepsiCo reported organic growth in net revenues of 2.4% in the first quarter and expects a further increase in the second quarter thanks to reopening in the restaurant channel. The company reported first-quarter... more
Economy and financeHeineken aims for carbon neutral by 2030
New goals announced as part of the EverGreen growth strategy
Heineken announced its commitment to become carbon neutral in manufacturing by 2030 and across the value chain by 2040. The announcement marks the first in a series of "Brew a Better World" goals, which... more
Economy and financeCrédit Agricole, sink into the Valtellinese
The offer has been adjusted to 12.2 euros per share. Maioli: It's our final offer"
Crédite Agricole relaunches the takeover bid on Credito Valtellinese, with an increase to 12.2 euro per share (from 10.5) plus another 3 cents if 90% of the shares delivered in takeover bid are reached.... more
Economy and financeIntesa SanPaolo finances La Doria on the basis of sustainability parameters
Credit line of 10 million with bonus mechanism linked to ESG target
Intesa Sanpaolo and La Doria, a company active in the production of tomato derivatives, ready-made sauces, fruit drinks and preserved legumes and present in the most important large-scale distribution... more
Economy and financeIlly appoints Macchione as new CEO of Polo del Gusto
The family is looking for a minority shareholder who can invest 50-100 million
Andrea Macchione is the first CEO of Polo del Gusto, the sub-holding of the illy Group which brings together all the extra-coffee brands. CEO of Domori, which is part of the same Polo, Macchione goes to... more
Economy and financeFood prices also rose in March
FAO: "Vegetable oils and dairy products drive the increase"
World food prices also increased in March. This is the tenth consecutive month in which there is a rise in prices. Vegetable oils and dairy products are driving the increase. Specifically, the food price... more
Economy and financeCameo publishes the "Sustainability Charter"
27 projects on which the company is committed over a long term horizon
Cameo, a food company specializing in cakes, puddings and pizzas, present in Italy for over 80 years, and known in the rest of the world as Dr. Oetker, is now declaring its commitment in 40 countries by... more
Economy and financeItalpizza: 20M euro minibond subscribed by UniCredit
It is intended for the investment plan for the company's internationalization
Italpizza, a leading company in the production of pizzas, with a turnover of 170 million euros in 2020, has issued a minibond of 20 million euros, underwritten by UniCredit and 70% guaranteed by Sace.... more
Economy and financeNewlat Food on showcase in the UK
It will participate in the Mid & Small virtual conference in London
Newlat Food SpA announces its participation, on April 20, 21 and 22, in the Mid & Small virtual conference in London, organized by Virgilio IR. The conference will allow management, through digital meetings... more
Economy and financeUnigrains and Invitalia invest in Frigomeccanica to accelerate growth
The founding Di Serafino family reinvests significantly and continues to lead the company
The Company is an Italian leader in refrigerated equipment, furniture and technological components for ice cream, coffee, pastry, and retail shops as well as food court areas. more
Economy and financeDe' Longhi is financed with Private Placement on the US market
Securities for an amount equal to Euro 150 million intended for institutional investors
Strong sign of the international credibility enjoyed by the Treviso group. more
Economy and financePrivate equity: Orienta sells Sidac
The company specialized in flexible packaging sold to the Austrian Schur Flexibles Group
Orienta Partners, a company specializing in investments in Italian SMEs through the Club Deal structure, has sold its 100% stake in Sidac to Schur Flexibles Group, an Austrian player among the leaders... more
Economy and financeMarr, revenues higher than the market trend
The Group focuses interventions in favor of sustainability and digital development
MARR S.p.A. the leading company in Italy in the sale and distribution to the foodservice of food and non-food products, closed the first quarter of the year by completing the acquisition of the Verrini... more
Economy and financeIvs (vending) approves the Annual Report 2020
The Group recorded sales of 329.9 million (-28.7%), Ebitda of 69.8 million and six new acquisitions in 2020
The board of directors of Ivs Group SA, convened on 30 March 2021 and chaired by Dr. Paolo Covre, examined and approved the Annual Report 2020 (statutory and consolidated), the management report and related... more
Economy and financeFrescoFrigo, 2nd round of €1.8M financing
Among the investors, public and private, Cdp Venture Capital Sgr
FrescoFrigo, the health food start-up led today by CEO Giacomo Pastore, flanked by President Enrico Pandian , has closed a 2nd round of financing for 1.8 million euros, aiming, for 2021, at internationalization... more
Economy and financeBanks. Crédit Agricole Italia takeover bid on Valtellinese
There is time to join until April 21st
The full voluntary public tender offer concerning the ordinary shares of Banca Piccolo Credito Valtellinese SpA announced to the market on 23 November 2020 by Crédit Agricole Italia SpA and for which... more
Economy and financeCamst aims for 1 billion euros in revenue by 2025
Five-year plan for all sectors: school nutrition, corporate catering and facility services
Camst group, one of the major Italian operators in the catering and facility services sector, looks to the next few years and launches its five-year strategic plan "The future we choose" with ambitious... more
Economy and financeWine. Issue of bonds to support the Italian supply chain
Provided with 21 million for Masi, Pasqua and Feudi San Gregorio
Cdp and Unicredit anchor investor for 50% of the value. more
Economy and financeThe first biomethane plant from agricultural waste in Italy
Passed the milestone of 10 thousand hours of activity
Feeding the earth and producing energy in a sustainable way while respecting the planet is the mantra that is revolutionizing the way agriculture is done. The agricultural-circular model, based on the... more
Economy and financeCrédit Agricole Italia confirms support for the real economy and the environment
New leasing operations and green loans are coming
Crédit Agricole Leasing Italia confirms itself alongside the Italian entrepreneurial fabric and its financing needs with new leasing operations. In the last year, the new leasing operations have had an... more
Economy and financeErgon-backed Dolciaria Acquaviva acquires Dolce Milano and Unigel
Both active in frozen baked products
Ergon Capital Partners IV SCSp (“Ergon”) backed Dolciaria Acquaviva (“Dolciaria” or the “Group”), completed over the past days the acquisitions of Dolce Milano Srl (“Dolce Milano”) and Unigel Srl (“Un... more
Economy and financeRevolving pledge: agreement between Crédite Agricole and Consorzio Balsamico Modena
Grosoli: "The ability to access credit against a pledge of goods can really make a difference for our producers"
Crédit Agricole Italia has signed a collaboration agreement with the Consorzio Tutela Aceto Balsamico di Modena which will allow associated companies to use the revolving pledge for the next marketing... more
Economy and financeMare Aperto: new systems for water recovery
The announcement on the occasion of the World Water Day
For Mare Aperto, a company attentive to sustainability in the sector of fish preserves, water management is one of the key aspects of its industrial process, as an integral part of its commitment to the... more
Economy and financeCaviro presents the second sustainability report
555 thousand tons of managed agro-industrial waste per year and total energy self-sufficiency
82,000 tons of C0 2 of fossil origin, equivalent to the absorption capacity of a forest of 19,000 hectares, an extension greater than the city of Milan: this is the saving of C0 2 emissions into the atmosphere... more
Economy and financePedon closes 2020 with a positive sign
Strengthening the presence in its reference market of legumes, cereals and oil seeds
Positive trend for the Venetian company Pedon, specialized in the production of legumes, cereals and seeds, and today oriented towards products with a high service content, such as snacks and quick solutions,... more