The “Italian export and internationalization hub” of the Cassa depositi e prestiti Group is strengthened. SACE's shareholders' meeting in fact approved today the contribution by Cdp of the stake in SIMEST, equal to 76% of the shares.
The operation marks an important step forward in the implementation of the 2016-2020 Industrial Plan of the CDP Group, which - thanks to the creation of a system of support for the growth and international competitiveness of the national production system - plans to allocate to Italian companies that export and invest abroad 63 billion euros.
The integration between the two companies of the Cdp Group, which have already been working in close coordination since the beginning of the year, brings together the insurance-financial products, services and skills of SACE and SIMEST. The goal is also to offer Italian companies an integrated support system, a "one-door" to meet all the needs related to exports and internationalization: from credit insurance, to the protection of foreign investments, from financial guarantees to access bank loans to factoring services, from sureties to win tenders to protection against construction risks, from participation in company capital to subsidized loans and export credit.
