Economy and finance
724 news found
Economy and financeLiquors on the stock exchange with Compagnia dei Caraibi
The spirits distributor has announced the listing on the Aim Italia segment
Compagnia dei Caraibi, a Turin operator specializing in Italy in the development, management and distribution of premium and super premium spirits and wines, has submitted an application to Borsa Italiana... more
Economy and financeBf Spa (Bonifiche Ferraresi) invests in the iItalian Agritech & Food fund
120 million Euros to support and develop the agritech and food sector
The board of directors of BF SpA, with the abstention of the directors Rossella Locatelli and Davide Colaccino, the investment by Bf in the Italian fund Agritech & Food, an Italian closed-end alternative... more
Economy and financeAltria will sell the Ste. Michelle wine business for $ 1.2 billion
The business will pass into the hands of the private equity firm Sycamore Partners Management
Altria entered into an agreement to sell its US business Ste. Michelle Wine Estates to private equity firm Sycamore Partners Management for approximately $ 1.2 billion. Ste. Michelle produces and sells... more
Economy and financeEmiliana Conserve finances itself with Unicredit
Approved a Sustainability Linked Minibond
Unicredit approved an 8 million euro Sustainability Linked Minibond issued by Emiliana Conserve Società agricola Spa. The procedure, guaranteed by Sace, is finalized to support the growth of the Busseto... more
Economy and financeSyngenta, offered for 10 billion on the Shanghai stock exchange
The Swiss group has been controlled by the Chinese giant ChemChina since 2017
Syngenta, one of the world's leading agro-industry companies, aims to raise $ 10 billion in its public offering on the Shanghai Stock Exchange, in what could be the largest listing of the year in the world.... more
Economy and financeThe Agnelli Family focus on precision farming
Cnh, controlled by Exor, launches a 2.1 billion takeover bid on the American Raven
Cnh Industrial, the giant of earthmoving and agricultural machinery, controlled by the Exor of the Agnelli family, has launched an amicable takeover bid on the American Raven Industries with a substantial... more
Economy and financeFood Supplements: a new Italian hub is born
Specchiasol, Named and Phyto Garda join forces, under the direction of White Bridge Inv.
On the initiative of the private equity fund White Bridge Investments, parent company of the Veronese Specchiasol, an Italian group specialized in supplements and nutraceuticals was born, involving two... more
Economy and financeReckitt Benckiser sells Ifcn to Chinese
Primavera Capital Group will have an exclusive license on the Mead Johnson and Enfa brands in China
The Reckitt Benckiser Group has signed an agreement to sell its infant formula and infant nutrition (Ifcn) business to Chinese private equity firm Primavera Capital Group for $ 2.2 billion. Upon completion... more
Economy and financeArteOlio is financed with 5.3 million for development
Credit line from Banco Bpm and Banca Carige
The agricultural company ArteOlio has received new medium / long-term credit lines for 5.3 million euros, which have been approved by a pool of banks composed of Banca Carige and Banco Bpm, acting as agent... more
Economy and financeThe M&A of Food & Beverage suffers little from Covid
Accordinng to Pwc, + 36.3% value of operations in 2020, + 207% Italy
Mergers and acquisitions in the Food & Beverage sector suffered little from the effects of the Covid-19 pandemic. According to an analysis carried out by Pwc, in 2020 the sector recorded, globally, an... more
Economy and financeFrankly Bubble Tea: one million euro capital increase
Objectives: development on the territory and digitalization of the business
Frankly, the Italian Bubble Tea chain with a strong international footprint, announces that it has closed a capital increase of one million euros to further develop its business in Italy. The objectives... more
Economy and financeFoodiverse reaches €311 million in turnover in 2020
The Group has reported an annual growth rate of 6.7% over the past 5 years
Foodiverse, a multinational company with experience in the production of fresh and healthy foods in 2020, achieved a total turnover of 311 million Euros, reporting a small decrease of 3.9% compared to... more
Economy and financeRiello Investimenti Partners expands into Venture Capital
Linfa Ventures is born, the first new generation Italian AgriFood fund
Riello Investimenti Partners Sgr expands into Venture Capital. The launch of this new asset class - which joins Private Equity and Private Debt - takes place through the promotion of Linfa Ventures, the... more
Economy and financeValpizza (Aksìa) takes over the Apulian C&D
The company produces pre-fried frozen gastronomic specialties from the oven
Aksìa Capital V, a fund managed by Aksìa Group SGR, has acquired - through the subsidiary Valpizza - C&D Srl, an Apulian company leader in the production of pre-fried frozen gastronomic specialties. T... more
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