Export Development Fund, the new credit fund created on the initiative of SACE, approved the subscription of a 12,5 million euro bond to be issued by De Cecco, the world's leading pasta factory in the premium segment. This is the first operation of the Fondo Sviluppo Export, created with the aim of supporting the internationalization strategies of Italian companies by opening the national market to medium-long term sources of financingadditional to the banking channel. Already active in 120 markets, through this operation De Cecco aims to support the development plan of the brand in the most profitable markets for pasta such as the USA, Japan, the United Kingdom, Germany, France and South East Asia.
Export Development Fund, handled by Amundi Sgr, has a total availability of 350 million euros and is open to all companies with a maximum of 3.000 employees from sectors such as industry, consumer goods, welfare, ICT, infrastructure and transport. The Fund allows the company to finance a wide range of activities in the context of export, internationalization or strategically important projects for Made in Italy: from productive investments abroad such as acquisitions, mergers or joint ventures, to investments in Italy in R&D, from expenses for the purchase or renewal of machinery and systems, to communication and marketing activities.
