Cassa Depositi e Prestiti has concluded a €10 million transaction with Gruppo Italiano Vini, Italy's leading wine operator.
The 10-year loan will support investment in the growth of the company based in Bardolino, in the Verona area.
With over 1,600 hectares of vineyards, the Group controls some of Italy's most historically renowned brands. An established SACE SIMEST Hub customer, the company, with 15 wineries in 11 regions, has a turnover of €388 million: 75% of this revenue comes from outside Italy's borders, from the United States, Canada, Germany, France, the United Kingdom and Japan.
This transaction reinforces the historical relationship between Cassa Depositi e Prestiti and the area, and is a renewal of its support for the food farming sector, a key sector for the Italian economy.