A consortium made up of Italian entrepreneurs and Intesa Sanpaolo presents an expression of interest to save Ferrarini e Vismara. The two companies, both in preventive agreement, operate nationally and internationally in the production and marketing of cured meats, with a market share of 2017% in 3. The companies that are part of the consortium are Gruppo Bonterre – Grandi Salumifici Italiani, OPAS (product organization among pig farmers in Italy), Casillo Partecipazioni (holding company active in the sector of agricultural commodities and derivative products).
The goal “is preserve the two companies, ensure its business continuity and its relaunch in a sector in which our country excels internationally”, reads a note.
On the one hand, Ferrarini's request on 20 September "to anticipate the meeting of creditors - continues the note - on the other hand, the request for revocation of the arrangement with creditors filed by the Commissioner of Vismara three days later revealed the seriousness of the current situation of the two companies, exposing them to the risk of an imminent interruption of business activities".
For this reason, the representatives of the consortium sent a letter to Ferrarini, Vismara and for information to the judicial commissioners of both companies, underlining how "for a long time and more than once, the interest in carrying out a unitary industrial operation aimed at to preserve the related companies and to protect the company's creditors, the other stakeholders - first and foremost, employees, suppliers and other subjects in the area - and the economic system of our country".
The consortium - once the positive outcome of the due diligence has been verified in a very short time - intends to carry out an industrial rescue plan which could start with an urgent intervention, i.e the bridging lease of company branches by ad hoc corporate vehicles, owned and managed by industrial partners.
The bridging intervention will have to be carried out quickly, therefore Ferrarini and Vismara were asked to respond before the hearing for revocation of Vismara's arrangement with creditors, set for 6 November.
