From Dubai to Brazil: new goal for SACE and SIMEST

From Dubai to Brazil: new goal for SACE and SIMEST

Italy’s Export and Internationalization hub signs deals with companies from throughout Italy

Rome December 13, 2017

Among the new deals with Italian companies, SACE and SIMEST, CDP Group’s export and internationalization hub, has secured a €4.2 million contract with to help the Vicenza-based construction company build a new stretch of dock in the port of Tangier, a crossroads of trade in Morocco due to its privileged position on the Strait of Gibraltar.

The initiative will allow MAC Costruzioni to finalize its international-growth process. The operation demonstrates SACE’s support to companies in the Veneto region, where in 2016 it has mobilized resources worth €2.2 billion. SIMEST in recent months has also signed a series of initiatives with local companies.

SIMEST will support the expansion in China of United Brands Company Spa, a leader in the production and marketing of footwear under license for the Carrera, Sergio Tacchini, Enrico Coveri, Starters and Gas brands. SIMEST involvement - an agreement for the acquisition of 49% of the company-  with spur the company's international expansion plan which provides for the establishment of a service company.

SIMEST is also working to help Treviso Cunial Antonio Spa, which has its main participation in the Industrie Cotto Possagno of Treviso, leader in the production of roofing and terracotta floors. SIMEST, in particular, will enter in 12% of the capital of the Israeli subsidiary Artile Roof Ltd to support the company's commercial development plan throughout the Middle East area

In the Emilia Romagna region, SIMEST has expressed its support for Bonfiglioli Riduttori, specialized in the design, production and marketing of precision mechanical components. To support the expansion of the plant operating in Brazil, through a capital increase the CDP company acquired 17% of the Brazilian subsidiary of the Bologna-based company for €4 million.

Many companies in Central and Southern Italy benefited from SACE and SIMEST support. OMA Spa of Pescara, leader in the supply, construction and assembly of metal structures, and Medicina Futura of Naples, active for over 40 years in the field of healthcare facilities are two examples. SIMEST acquired 30% of OMA to help it strengthen its presents in foreign markets, as part of its 2017-2022 business plan.

With a 49% stake, SIMEST entered the capital of Medicina Futura Dubai, a subsidiary located in the United Arab Emirates. The investment will finance the construction of a new hospital with the final goal of exporting the virtuous model of “Made in Italy” health management and in the next few years become the reference operator in the local health services market.

Finally, a highly prestigious transaction closes the picture of initiatives signed in the last period by SIMEST: the acquisition of 11% of Ansaldo Energia Switzerland, a company wholly owned by Ansaldo Energia. The investment, carried out as part of a capital increase, is worth €10 million, to which is added an interest subsidy paid by SIMEST for a €60 million loan granted by UBI Banca to hedge Ansaldo Energia Switzerland’s capitalization and investment projects.

Supporting investments in Ansaldo Ernergia Group’s research and development is the aim of the operation, which reaffirms CDP’s commitment to the growth of Italian companies and the dissemination of Made-in-Italy know-how throughout world.