After the agreement between SACE and BNL which we have reported in a previous article, the collaboration between the two institutes continues in support of Italian entrepreneurship. In fact, today SACE guaranteed a loan of € 3 million, disbursed by BNL BNP Paribas Group, to support Parmacotto's growth plans in Germany, Great Britain and the United States.
The loan will be used to support the costs of expanding the foreign sales network, promotional and advertising activities, participation in international trade fairs, and working capital requirements. In 2009 SACE had already guaranteed a loan of € 5 million for the opening of stores abroad.
Parmacotto is a leading company in Italy that has been active for over 30 years in the production and trade of traditional Italian cured meats and cheeses. The geographical diversification strategy launched in recent years has allowed the group to increase its exports, particularly to Europe and the United States, reaching an export share of 16%. Furthermore, since 2008, the company has opened some single-brand restaurant-shops in Italy, in New York and in Paris.
The complete press release is available at this address.
