Cassa Depositi e Prestiti supports the development plans of the Lombardy-based company Sipcam Oxon, with a €30 million loan for investments in research, innovation, green economy and growth initiatives in Italy and abroad.
The transaction, for a total of €90 million, was entered into in a pool with Intesa Sanpaolo, Banca Nazionale del Lavoro and Crédit Agricole, with credit lines with a duration of 7 years.
The Sipcam Oxon Group is the leader in Italy - and among the top 12 in the world - in the agropharmaceutical sector. The company, created from the union of Sipcam and Oxon Italia, specialises in the synthesis, formulation and marketing of active ingredients and chemical intermediates. The Group, which is also active in the production and sale of innovative seeds and fertilisers, has 7 plants in Italy, Spain, Brazil and China and is present in various European and non-European markets (including the United States and Europe): Brazil, United States, Australia, Argentina, Mexico and China).
With a turnover of €500 million - more than 50% of which is generated outside Europe - Sipcam Oxon employs around 800 people worldwide, twice that if we include the joint ventures in China and Brazil.
With the operation just concluded, CDP supports a company that stands out for its high level of innovation and attention to sustainability, developing solutions that meet the needs of a sector in profound evolution such as agriculture.