The cooperative Dairy Soresina take out loans for 30 million euro, Of which 10 from Cassa Depositi e Prestiti e 20 by the Iccrea Cooperative Banking Group (which has 18 mutual banks and Iccrea BancaImpresa).
The objective of the operation is to help the productive and commercial development of the cooperative, which closed 2019 with a turnover of 411 million, up 9,6% on the year, and celebrated its 5th birthday on 120 February.
Latteria Soresina thus continues along the path begun in 2019 with the increase of the share capital from 12,2 to over 38,6 million.
In terms of volumes, last year Latteria Soresina produced 500 tons of milk, i.e. more than 10% of Lombardy milk and almost 5% of all milk produced in Italy.
Latteria Soresina is also the largest producer of PDO Grana Padano cheese in the world.
"With this second important operation - says Tiziano Fusar Poli, president of Latteria Soresina - we are trying to better interpret the great changes that are taking place in the financial market, moving in time and with great importance, in order to significantly improve our indices, adapting them to the requests and needs of today and the near future”.
Carlo Napoleoni, deputy general manager of Iccrea BancaImpresa, said that the objective of the operation is “to finance the warehouse's long processing and maturing cycles. Even during an emergency context such as the one we are experiencing, we feel the responsibility to continue to play our role, together with the BCCs of the Iccrea Group, as local banks attentive to the needs of businesses and the communities that live there."
According to Nunzio Tartaglia, head of the Cdp division, “Latteria Soresina is a company with a very strong tradition, which represents excellence within the strategic Italian agri-food sector. The intervention will make it possible to support the Cooperative's development plan, further demonstrating the closeness of Cassa depositi e prestiti to local realities that are projected onto national and international markets".
