Economy and finance
351 news found
Economy and financeNew agreement between Crédit Agricole and the Brunello di Montalcino wine consortium
Objective: to activate the Revolving Pledge and strengthen the Italian wine sector
Crédit Agricole Italia has signed an innovative collaboration agreement with the Brunello di Montalcino wine consortium, born in 1967 to support and enhance its product with a controlled and guaranteed... more
Economy and financeCallipo: first half turnover up 12.5%
The canned fish company closed 2020 with revenues of 67.4 million
Callipo, a Calabrian company with a history of 108 years in quality fish preserves, recorded, at 30 June 2021, a turnover of € 37,438,168, up 12.5% compared to the same period in 2020. A result that c... more
Economy and financeUnifrutti Group: significant growth in volumes and profitability
The Group approves the 2020 financial statements and continues its expansion with strategic acquisitions
Unifrutti Group, one of the global leaders in the production, marketing and distribution of high quality fresh fruit, consolidates a 2020 with unprecedented results despite the complexities of last year... more
Economy and financeCampari Group celebrates 20 years on the stock market and toasts the semester
Strong double-digit sales growth across all geographies and brand clusters
The board of directors of Davide Campari-Milano NV approved the half-year financial report as of June 30, 2021. Bob Kunze-Concewitz , Chief Executive Officer: "In the first half of 2021 we recorded double-digit... more
Economy and financeUnilever: Q2 2021 sales up 5%
The increase in the cost of raw materials affects the company
The second quarter of 2021 closes for Unilever with sales growth of 5%, but with a cut in the operating margin due to the increase in raw material costs. The owner of Ben & Jerry's, Marmite and Hellmann's... more
Economy and financeThe Italian Agritech & Food fund takes off
Thanks to Bf which invests 120 million euros in the vehicle controlled by CDP
The board of directors of BF SpA approved the investment by Bf in the Italian fund Agritech & Food, an Italian closed-end alternative investment fund reserved for professional investors, set up and managed... more
Economy and financeRigoni is financed with Unicredit for 10 million euros
The bank supports companies that are committed to improving their sustainability profile
UniCredit has granted a loan of 10 million euros for the sustainable growth of Rigoni di Asiago, a leading company in Italy in the jams and spreads sector. The operation is bound to the achievement of... more
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