Economy and finance
785 news found
Economy and financeCrédite Agricole Italia: agreement with Confagricoltura
Focus on investment projects dedicated to young farmers
New action plan prepared by Crédit Agricole Italia and Confagricoltura in support of the Italian agricultural sector, with the aim of supporting companies put to the test by the persistence of drought... more
Economy and financeSpain, private equity tour on Natra
Investindustrial sells the chocolate giant to CapVest
The investment holding Investindustrial (chaired by Andrea Bonomi) through the newco World Confectionery Group, has decided to sell the ownership of the Spanish chocolate giant Natra to funds managed by... more
Economy and financeColdiretti-Philip Morris settlement for the tobacco production chain
Around 1000 businesses involved, between Tuscany, Umbria, Campania and Veneto
The settlement between Coldiretti and Philip Morris Italy was signed in Rome, to guarantee the continuity of investments on Italian tobacco in 2022. The agreement will concern more than 20 thousand tonnes... more
Economy and financeTomatoes: Steriltom acquires Italtom
Collected minority quotes held by Emiliana Conserve
Tomato finances: chain reactions followed after Casalasco's acquisition of Emiliana Conserve (see articolo di EFA News del 7/7/2022).Steriltom, one of the main European producers of tomato pulp for the... more
Economy and financeDea Capital invests in water parks
The IDeA Corporate Credit Recovery II fund takes over 10% of Costa Edutainment
The IDeA Corporate Credit Recovery II fund, managed by DeA Capital Alternative Funds Sgr, acquired a 10% stake in the Costa Edutainment Group to support the company's development over the next few years.... more
Economy and financeReal estate: the historic Federconsorzi building sold
In Rome, 175 million transaction managed by Dea Capital Re Sgr
The purchase and sale transaction of the historic Roman property, former headquarters of Federconsorzi, in Piazza Indipendenza was concluded, which saw DeA Capital Real Estate SGR at the center of a significant... more
Economy and financeCrédit Agricole Italia wins the 'Prize of prices'
Twelfth Edition for the acknowledgement assigned to who stood out for innovation authenticity
The "Prize of prizes" was awarded to Crédit Agricole Italia as part of the National Innovation Award. Coordinated by the Cotec Foundation under the concession of the President of the Republic, it is now... more
Economy and financeCrédit Agricole's "Ambitions" 2025
Attention to the environment and health in the Expansion Plan for the coming years
It's called Ambitions 2025 and it maps out Crédit Agricole's "ambitions" from here to 2025. Long-term ambitions because, as President Dominique Lefebvre stressed, "in an opaque short term environment,... more
Economy and financeIntesa Sanpaolo, Grana Padano to guarantee the credit
The revolving pledge agreement between the bank and the Consortium has been signed
Agreement signed between Intesa Sanpaolo and the Consortium for the Protection of Grana Padano Dop. The agreement is one of the initiatives that the bank has implemented to support investments related... more
Economy and financeQuaestio Solutions Funds - DeA Global REITs at the start
Focus on the real estate of the future: logistics, light industry and data centers
DeA Capital Real Estate Germany announces the launch of Quaestio Solutions Funds - DeA Global REITs, an FCP-UCITS fund managed in collaboration with Quaestio Capital Sgr. In two weeks from the authorization... more
Economy and financeHyle Capital aquires Guaresi’s agricultural machinery
Third investment of the ‘Finance for Food one’ fund
Hyle Capital Partners, through its ‘Finance for Food One’ fund, has acquired the entire company that is Guaresi Spa, Italian excellence leader in the agricultural machinery sector.Founded in 1932 in Pil... more
Economy and financePolo del Gusto (Illy) takes over Rococo Chocolates
The brand and 3 london shops were acquired through Prestat
Polo del Gusto, a subholding from Illy’s group dedicated to food businesses other than coffee, has announced the acquisition of a third chocolate society, after Domori and Prestat: it’s the long-established Roc... more
Economy and financePrivate equity: investments in retail in Italy are growing
In 2021 operations for 557 million. Resca (Confimprese): "Synergistic relationship between finance and retail"
After two years of pandemic, in which the number of private equity and venture capital operations in retail has suffered a setback, going from 33 deals in 2019 to 19 in 2020 (-42%), 2021 has started running... more
Economy and financeGrowing market for plant proteins (including 3D printed)
Spanish startup Cocuus has raised €2.5 million in a funding round
Spanish startup Cocuus has raised €2.5 million in a pre-series A funding round to boost its production of plant-based protein foods. The round was led by Big Idea Ventures, the global alternative protein f... more
Economy and financeUnifrutti, revenues of $ 720 million (+ 2%) in 2021
Agreement for the acquisition of the Abu Dhabi Adq
The Unifrutti Group, a global producer and distributor of fruit and other fresh products, recorded a total turnover of 720 million dollars for the year 2021, up 2% compared to the pro forma 2020 turnover,... more
Economy and financeHigh Quality Food debuts on the stock exchange
The group specialized in b2b food distribution is listed on the Egm list of Piazza Affari
High Quality Food, an Italian group active in the agro-industrial sector for the distribution of high quality food products to foodservice, has received from Borsa Italiana the notice of admission to trading... more
Economy and financeIfad, the first historic bond for rural development
Issue of bonds for 100 million dollars in collaboration with the Swedish Folksam
The International Fund for Agricultural Development (IFAD) today announced its first sustainable development bond issue in partnership with Folksam, Sweden's leading insurance and pension fund management... more
Economy and financeWine, positive first four months for Brunello
Almost sold out for 2016, 60% of 2017 production already on the market
First four months in good health for Brunello di Montalcino, with the 2 vintages making its debut on the market (Riserva 2016 and 2017) protagonists of excellent performances. This was revealed by the... more
Economy and financeCrich biscuits, new growth, development and sustainability plans
From UniCredit, Bnl and Sace, credit lines amounting to 22 million euros to finance the projects
UniCredit and Bnl Bnp Paribas support the growth plans of the Nuova Industria Biscotti Crich with new credit lines for a total of 22 million euros. The credit lines thus structured, assisted by Sace through... more
Economy and financeSoftware: for Glickon investment round with 3 million from Sinergia Venture Fund (Synergo Capital SGR)
The capital will be used to support the company's market expansion in Italy and abroad
Glickon, a leading company in the HR tech software market for medium and large enterprises, has announced a Series A investment round, with €3 million already subscribed by Synergo Capital SGR's Sinergia V... more
Economy and financeFruttagel, turnover in 2021 at 132.3 million euros
6.2 million invested in production efficiency; focus on energy saving and logistics in the next three years
Fruttagel, an agro-industrial processing cooperative from Alfonsine (Ravenna), today presented the 2021 financial statements: turnover at 132.3 million Euros, up + 2.6% compared to the previous year, and... more
Economy and financeAutogrill: growing revenues driven by Italy and North America
The Group publishes the results as at 30 April 2022 and the guidance for the current year
The board of directors of Autogrill SpA examined and approved the consolidated revenue figures for the first four months, as at 30 April 2022. The company reported revenues of € 1,037.4m (€ 530.7m in... more
Economy and financeSales of fairtrade products are growing
More revenues for farmers and workers organizations in Asia, Africa and Latin America
The new annual report of Fairtrade Italy activities “The future is fair: supply chains and rights” was presented in Milan, which summarizes the sales trend of certified fair trade products in Italy and... more
Economy and financeBuona Compagnia Gourmet (gnocchi) is for sale
Several private equity companies would be interested in the Treviso company
Buona Compagnia Gourmet is a company of Quinto di Treviso controlled by Gradiente Sgr, with a turnover of 50 million and specialized in the production of potato gnocchi and ready-made sauces. The company... more
Economy and financeMutti: turnover doubled in 5 years
In 2021, revenues of 484 million. The company entered the fresh market with ready-to-use soups
Mutti, a company engaged in Europe in the processing of 100% Italian tomatoes, continues to grow and closes 2021 with a turnover of 484 million euros, a figure almost doubled compared to 5 years earlier,... more
Economy and financeCrédit Agricole Italy supports artisans and micro-small businesses
100 million euros mobilized to face the persistence of the international crisis
Crédit Agricole Italia and Confartigianato Imprese have structured a common plan of interventions aimed at accompanying artisans and micro-small businesses in an economic phase characterized by the persistence... more
Economy and financeLogistics: Dea Capital Iberia creates new pole
New platform in Madrid for EcoQuimica
DeA Capital Real Estate Iberia has acquired a 15,400m2 plot of land located in Pinto, Madrid, with the aim of developing a new platform in the last mile logistics sector. The project consists in the creation... more
Economy and financeVeronafiere overcomes the pandemic: turnover of 73.6 million euros
Federico Bricolo has been elected as the new president of the three-year period 2022-25
The shareholders' meeting of Veronafiere Spa unanimously approved the financial statements as at 31 December 2021. The final results for 2021 at Group level show a turnover of 73.6 million euros, with... more
Economy and financeLa Doria, 1Q 2022 in growth
Turnover of 238.4 mln, net profit of 14 mln
The board of directors of La Doria SpA, a Group engaged in the production of tomato derivatives, sauces, legumes and fruit juices under the large-scale retail trade, has approved the interim management... more
Economy and financeItalian Exhibition Group leaves Covid behind
Revenues increase driven by the reopening of sector fairs
The board of directors of Italian Exhibition Group SpA (Ieg), a company listed on Euronext Milan, approved the interim management report as of March 31, 2022. The Group's revenues amounted to 38.0 million... more
Economy and financeVending: IVS numbers confirm post-Covid recovery
In the 1Q, increase in turnover (+ 16.3%) and in Adjusted Ebitda (+ 25.8%)
The consolidated turnover of the 1st quarter of Ivs Group, the Italian leader in the vending sector, amounts to Euro 92.4 million, with an increase of 16.3% compared to the Euro 79.5 million of 2021. 1%... more
Economy and financeDe' Longhi, growing quarter driven by the coffee trend
Consolidated results approved: revenues up 8.4%
The consolidated results for the first quarter of 2022 have been approved by the board of directors of De 'Longhi SpA. Massimo Garavaglia, CEO of De' Longhi commented: “We are very satisfied with the r... more
Economy and financeMarr: the assembly approves the 2021 financial statements
Distribution of a gross dividend of € 0.47 per share approved
The shareholders' meeting of Marr, a company of the Cremonini group among the leaders in Italy in the marketing and distribution of food and non-food products to foodservice, approved the financial statements... more
Economy and financeDeA Capital: Marco Sala new president
Paolo Ceretti confirmed as CEO. Extraordinary dividend approved
The shareholders' meeting of DeA Capital SpA met under the chairmanship of Lorenzo Pellicioli and approved the financial statements at 31 December 2021, which closed with a profit of 28.4 million euros... more
Economy and financeNestlé Global, positive sales in the first 3 months of 2022
"We expect organic turnover growth of around 5% by the end of the year"
Nestlé has disclosed its sales performance during the first three months of 2022. Mark Schneider, CEO of the Group, commented: "In these first months of the year, the war in Ukraine has caused untold... more
Economy and financeAutogrill: negotiations with the Swiss Dufry group?
"To deepen and promote development and create value for all stakeholders"
Sale, takeover (hostile or friendly), stew: the hypotheses on the future of Autogrill have intensified in recent days, also thanks to the jump on the octave stock market before Easter. Up to the indiscretions,... more
Economy and financeAgritech: Tamburi invests in Simbiosi
The company is specialized in technologies for environmental protection
The investment holding Tamburi Investment Partners has signed an agreement to acquire 28.5% of Simbiosi, technology provider for agribusiness and the circular economy, parent company of some companies,... more
Economy and financeLongino & Cardenal: consolidated results at 31 December 2021 approved
Revenues up by + 36.3% compared to the previous year; strong growth of the Dubai subsidiary
The board of directors of Longino & Cardenal SpA, active in national and international haute cuisine, met today to approve the consolidated financial statements and the draft financial statements at 31... more
Economy and financeCompagnia dei Caraibi: positive performance of the On and Off-Trade channels
First consolidated financial statements from listed with double-digit growth
The board of directors of Compagnia dei Caraibi SpA benefit society, a Piedmontese company engaged in the import, development, brand building and distribution of spirits, wines and soft drinks from premium... more
Economy and financeCdp leaves Bonifiche Ferraresi
The share package is put up for sale
Restructuring in sight for BF Spa, the controlling holding of Bonifiche Ferraresi: Cdp Equity (Cassa Depositi e Prestiti Group) second shareholder with 18.9%, has decided to sell the shareholding. The... more
Economy and financePrivate Equity: Carlyle launches the auction for Irca
The historic Gallarate chocolate company had a turnover of 360 million in 2021
The auction for the sale of Irca, the historic manufacturer of chocolate, ingredients and semi-finished products for confectionery, bakery and ice cream in the B2B segment, of which the private equity... more
Economy and financeNewlat: revenues up 18% in 2021
The Group is aiming for a billion euro turnover by the end of the year
The board of directors of Newlat Food SpA examined and approved the company's draft financial statements and the consolidated financial statements for the year 2021. The data relating to 2021 confirm a... more
Economy and financeGetir closes $768 million Series E round
The company achieve 40 million downloads in nine countries
Getir, the company known for ultra-fast delivery of groceries, announces today that it has closed a $768 million Series E round, bringing the company's valuation to $11.8 billion. The round is led by Mubadala... more
Economy and financeValsoia: revenues up 9% in 2021
Positive trend both for the healthy food division and for the traditional one
The board of directors of Valsoia SpA met today and approved the results for the 2021 financial year. The chairman Lorenzo Sassoli de Bianchi commented: "we are very satisfied with the result for the year... more
Economy and financeDeA Capital: net profit of 23.8 million euros
The Board of Directors approved the financial statements at 31 December 2021
The board of directors of DeA Capital SpA met, chaired by Lorenzo Pellicioli, to examine and approve the consolidated financial statements of the Group and the draft financial statements of the parent... more
Economy and financeAutogrill: turnover in 2021 at 2.6 billion euros
Loss of 37.8 million. Italy is worth 766.5 million (+ 33.6%)
The board of directors of Autogrill SpA, which met today, examined and approved the consolidated results as at 31 December 2021, including the 2021 Non Financial Information Declaration and the annual... more
Economy and financeCaffè Borbone drives the accounts of Italmobiliare
Growth results also for the subsidiaries Capitelli (cured meats) and Callmewine.com
The board of directors of Italmobiliare SpA, which examined the 2021 financial statements, with revenues of 1,579 million euros, showing an overall improvement of 25% compared to 2020 and growth of more... more
Economy and financeBofrost: turnover of 310.9 million in 2021-22
Renewed logo and expansion of the fresh range to conquer new market shares
Bofrost Italia SpA, an important Italian company engaged in the home sales of frozen and fresh specialties, closed the 2021-22 financial statements at the end of February with a turnover of € 310.9 million, w... more
Economy and financeContri Spumanti: Credem PE acquires minority interest
Investment of 18 million euros
Credem Private Equity sgr, the private equity management company of the Credem Group, has completed the acquisition of a minority stake in the controlling vehicle of Contri Spumanti spa through the three... more
Economy and financeJde Peet's: increases turnover in 2021
Organic double-digit sales growth expected in 2022
Jde Peet's, a Dutch company known for being one of the largest pure-plays in the world for coffee and tea, has released its financial results for the full year of 2021. Organic sales increased by 6.1%... more