Cassa Depositi e Prestiti supports the growth of Fileni, the third largest player in Italy's poultry meat market, participating as anchor investor, for a share of €11 million, in a bond placed for a total of €20 million.
The bond loan issued to Fileni has a duration of 7 years and was also subscribed by Volksbank, Iccrea and FinInt, in collaboration with UniCredit and MPS Capital Services.
The Fileni Group is a model of success and thanks to considerable investment in recent years is the leader of the Italian organic chicken sector.
Not only are they passionate about their products, they closely monitor their supply chain, with an approach based on respect for animals, the environment and the landscape. Careful transport planning, production efficiency and the use of renewable sources are all part of the Group's strategy to promote greater production sustainability.
Fileni, established by Giovanni Fileni in Jesi in 1978, is involved in animal breeding and the production, distribution and marketing of meat, especially poultry. In 2018, the company expanded its operations to include feed production.
With around 2000 employees and over 300 breeding farms, the Group had a turnover of over €400 million in 2018. The organic segment is becoming an increasingly important part of total revenues, with a growth of 15% in the first half of 2019.
This transaction with CDP will support Fileni's growth plans, in particular for the construction of new organic breeding farms.
It is evidence of Cassa Depositi e Prestiti's renewed support for companies in the food farming sector, a strategic sector for the national economy and a priority in the 2019-2021 Business Plan.