Economy and finance
560 news found
Economy and financeChanging of the guard for Nestlé UK and Ireland
From March 1st 2023 Richard Watson will be the new CEO replacing Stefano Agostini who becomes head of Europe
Nestlé appointed Richard Watson as the new Chief Executive Officer for the UK and Ireland. The current CEO Stefano Agostini will become responsible for the confectionary sector for the Nestlé Europe Z... more
Economy and financeEvertis opens first plant in Italy for food packaging
The company invests 13 million; at least 50 new jobs are expected
The Img Group, present in the polymer industry since 1959 and pioneer of PET film extrusion, will make a greenfield investment in Friuli Venezia Giulia. The announced operation provides for investments... more
Economy and financeIncrease the price of agricultural goods in the EU
Eurostat, price increases by 24% between 2021 and 2022: cereals (+45%), eggs (+43%) and milk (+31%) skyrocket
First estimates of agricultural price indices for 2022 indicate that they were substantially higher than 2021 for almost all the main product categories as well as for key agricultural inputs. There were... more
Economy and financeItalian sparkling wine record abroad
By the end of 2022, 700 million bottles had been uncorked
After New Year's Eve, it's time for first balance sheets. First of all for the Italian bubbles. The first data claim that the historic record for made in Italy toasts was reached in the world in 2022.... more
Economy and financeRiverside Cooks Up Italian Pasta Investment
Take over Canuti and create a pole with Il Pastaio di Brescia
The Riverside Company, a global private investor focused on the smaller end of the middle market, has acquired Canuti Tradizione Italiana S.r.l., a family-owned producer of frozen pasta serving the food... more
Economy and financeHoney, Idea Agro takes over Apicoltura Vangelisti
The family will retain a minority stake. Appointed new CEO
Idea Agro, a private equity fund in Italy entirely dedicated to investments in agribusiness and agricultural development projects, managed by Dea Capital Alternative Funds SGR, has acquired an 85% majority... more
Economy and financeReal estate, Dea Capital RE creates first pan-European fund
Collection objective of up to € 500 M, to invest in offices and assets for hospitality and retail use
DeA Capital Real Estate SGR has announced the establishment of its first pan-European fund dedicated to institutional investors: DeA Capital Real Estate Investment Fund I, with a collection target of up... more
Economy and financeInvestindustrial/2. Acquired Parker Food group
Today concluded the agreement with Riverside company for the company of special ingredients with high added value
The summer of Investindustrial is not over (see other article), which today acquired the American Parker Food group from Riverside company. It is a leading company in the development and production of... more
Economy and financeUSA shopping for Investindustrial
$ 950M deal for the acquisition of TreeHouse Foods
"Very hot" mid-August in the United States for Investindustrial (see also other article). As an official statement indicates, an indirectly held investment company (Investindustrial VII L.P.) has signed... more
Economy and financeBlu Banca and Sace finance Cilento
Loan of 5 million euros for the new plant
New 7,500 m2 high-tech production plant in Cellole, near Caserta. This is the number one goal of Cilento, a Campania company that produces POD Campania Buffalo Mozzarella, Buffalo Burrata and Buffalo Ricotta.... more
Economy and financeExport, record of the Italian agri-food districts in the 1st quarter
According to the Intesa Sanpaolo report, the share of EUR 6B has been reached (+15.4%)
In the 1Q2022, exports from the Italian agri-food districts reached a record value of EUR 6 billion, up by 811 million (+ 15.4%) compared to the same period of 2021. The result partly reflects the inflationary... more
Economy and financeCDP and Credite Agricole work alongside Aboca healthcare
Loans for EUR 33.5 million guaranteed by Sace
Increase investments in research and development but also increase production capacities and exports all over the world of health products made in Italy. These, in short, are the objectives of the new... more
Economy and financeReal estate. Dea Capital signs JV with Harrison Street in Spain
To build housing complexes intended for rent with advanced all-inclusive services
DeA Capital S.p.A., Italy's leading independent alternative asset management platform with a significant pan-European presence, and Harrison Street, a leading investment management firm dealing exclusively... more
Economy and financeStarbucks, financial report better than expected
Record trimester at more than 8 billion dollars, 9% rise
Starbucks reported results exceeding expectations for the fiscal third quarter ended July 3, 2022. Sales of coffee drinks helped push the coffee giant's revenue to a quarterly record of $ 8.2 billion,... more
Economy and financeMorato acquires NtFood
The Veneto group, leader in industrial bakery, grows in the production of gluten-free products
Morato continues its growth strategy by external lines with the acquisition of the majority stake in Nt Food, a Tuscan company specializing in gluten-free baked goods. The economic terms of the transaction... more
Economy and financeCrédite Agricole Italia: agreement with Confagricoltura
Focus on investment projects dedicated to young farmers
New action plan prepared by Crédit Agricole Italia and Confagricoltura in support of the Italian agricultural sector, with the aim of supporting companies put to the test by the persistence of drought... more
Economy and financeSpain, private equity tour on Natra
Investindustrial sells the chocolate giant to CapVest
The investment holding Investindustrial (chaired by Andrea Bonomi) through the newco World Confectionery Group, has decided to sell the ownership of the Spanish chocolate giant Natra to funds managed by... more
Economy and financeColdiretti-Philip Morris settlement for the tobacco production chain
Around 1000 businesses involved, between Tuscany, Umbria, Campania and Veneto
The settlement between Coldiretti and Philip Morris Italy was signed in Rome, to guarantee the continuity of investments on Italian tobacco in 2022. The agreement will concern more than 20 thousand tonnes... more
Economy and financeTomatoes: Steriltom acquires Italtom
Collected minority quotes held by Emiliana Conserve
Tomato finances: chain reactions followed after Casalasco's acquisition of Emiliana Conserve (see articolo di EFA News del 7/7/2022).Steriltom, one of the main European producers of tomato pulp for the... more
Economy and financeDea Capital invests in water parks
The IDeA Corporate Credit Recovery II fund takes over 10% of Costa Edutainment
The IDeA Corporate Credit Recovery II fund, managed by DeA Capital Alternative Funds Sgr, acquired a 10% stake in the Costa Edutainment Group to support the company's development over the next few years.... more
Economy and financeReal estate: the historic Federconsorzi building sold
In Rome, 175 million transaction managed by Dea Capital Re Sgr
The purchase and sale transaction of the historic Roman property, former headquarters of Federconsorzi, in Piazza Indipendenza was concluded, which saw DeA Capital Real Estate SGR at the center of a significant... more
Economy and financeCrédit Agricole Italia wins the 'Prize of prices'
Twelfth Edition for the acknowledgement assigned to who stood out for innovation authenticity
The "Prize of prizes" was awarded to Crédit Agricole Italia as part of the National Innovation Award. Coordinated by the Cotec Foundation under the concession of the President of the Republic, it is now... more
Economy and financeCrédit Agricole's "Ambitions" 2025
Attention to the environment and health in the Expansion Plan for the coming years
It's called Ambitions 2025 and it maps out Crédit Agricole's "ambitions" from here to 2025. Long-term ambitions because, as President Dominique Lefebvre stressed, "in an opaque short term environment,... more
Economy and financeIntesa Sanpaolo, Grana Padano to guarantee the credit
The revolving pledge agreement between the bank and the Consortium has been signed
Agreement signed between Intesa Sanpaolo and the Consortium for the Protection of Grana Padano Dop. The agreement is one of the initiatives that the bank has implemented to support investments related... more
Economy and financeQuaestio Solutions Funds - DeA Global REITs at the start
Focus on the real estate of the future: logistics, light industry and data centers
DeA Capital Real Estate Germany announces the launch of Quaestio Solutions Funds - DeA Global REITs, an FCP-UCITS fund managed in collaboration with Quaestio Capital Sgr. In two weeks from the authorization... more
Economy and financeHyle Capital aquires Guaresi’s agricultural machinery
Third investment of the ‘Finance for Food one’ fund
Hyle Capital Partners, through its ‘Finance for Food One’ fund, has acquired the entire company that is Guaresi Spa, Italian excellence leader in the agricultural machinery sector.Founded in 1932 in Pil... more
Economy and financePolo del Gusto (Illy) takes over Rococo Chocolates
The brand and 3 london shops were acquired through Prestat
Polo del Gusto, a subholding from Illy’s group dedicated to food businesses other than coffee, has announced the acquisition of a third chocolate society, after Domori and Prestat: it’s the long-established Roc... more
Economy and financePrivate equity: investments in retail in Italy are growing
In 2021 operations for 557 million. Resca (Confimprese): "Synergistic relationship between finance and retail"
After two years of pandemic, in which the number of private equity and venture capital operations in retail has suffered a setback, going from 33 deals in 2019 to 19 in 2020 (-42%), 2021 has started running... more
Economy and financeGrowing market for plant proteins (including 3D printed)
Spanish startup Cocuus has raised €2.5 million in a funding round
Spanish startup Cocuus has raised €2.5 million in a pre-series A funding round to boost its production of plant-based protein foods. The round was led by Big Idea Ventures, the global alternative protein f... more
Economy and financeUnifrutti, revenues of $ 720 million (+ 2%) in 2021
Agreement for the acquisition of the Abu Dhabi Adq
The Unifrutti Group, a global producer and distributor of fruit and other fresh products, recorded a total turnover of 720 million dollars for the year 2021, up 2% compared to the pro forma 2020 turnover,... more