SACE and SIMEST (CDP Group) are betting on Cruciani C's growth abroad. This is the meaning of two new operations to support the growth plans of Maglital, the Umbrian company of the Caprai family's Finac Group, known on the market with the Cruciani and Cruciani C brands.
"Maglital's industrial plan for 2015-2017 - explains a joint press release from the three companies - provides for investments of 21 million euros aimed at consolidating the company's international projection through the opening of 20 owned flagship stores and 100 new points of sale in franchising all over the world, and to strengthen the presence of the Turkish and Chinese markets”.
To support the investments envisaged in the business plan, SACE guaranteed loans for 8 million euro (3 of which disbursed by Banca Monte dei Paschi di Siena), while SIMEST entered the shareholding structure of the Finac Group, acquiring a 26% stake to 7 million euros: an intervention intended to provide financial support for the growth of the Cruciani brand in Turkey – a market that will be able to play the role of hub for Iran, where the company is recording excellent results – and in China, through the creation of partnership with local companies.Maglital is already present in the Middle East, the United States, Spain and Brazil and with these joint interventions by the companies dedicated to exports of the Cdp Group, it strengthens its position on international markets. SACE and SIMEST confirm their role in supporting the development plans of Italian companies for export and internationalisation, in key sectors of our Made in Italy
