After the recent entry into the high engineering of the Trevi group and into the luxury hotels of Rocco Forte, the Fondo Strategico Italiano (FSI) led by Maurizio Tamagnini and controlled by Cassa depositi e prestiti (Cdp) enters forcefully into the food of the Emilia-based Cremonini group through a joint venture (IQ Made in Italy) set up together with the sovereign wealth fund of Qatar.
The FSI-Qatar partnership takes over a minority but significant share (28,4%) of Inalca, a Cremonini group company specialized in the production of beef and processed meat-based products, cured meats and snacks. The investment, which will take place through a capital increase by Inalca and through the purchase of shares held by Cremonini, is 165 million euro.
Subsequently, other sovereign funds should enter into the operation which will serve to strengthen the made in Italy and to favor the expansion of food on international markets.
The deal enhances the strategy of the Cremonini group but also of the Fondo Strategico which is positioned in the best Made in Italy companies and represents a novelty for the Qatari fund which until now had preferred to invest in the luxury sector in Italy and which is now discovering the virtues of Italian food.
