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Ferrarini rescue: Bonterre-Gsi relaunch on Pini-Amco

After the competing offer from Pini and Amco, the consortium Bonterre-Grandi Salumifici Italiani counterattacks and explains: "Only we guarantee immediately 50 million to creditors"

Ferrarini rescue: Bonterre-Gsi relaunch on Pini-Amco

The industrial consortium composed of Bonterre, Great Italian salami factories (GSI), Belt e Hp – supported by Intesa Sanpaolo e Unicredit – reiterates in a note "the commitment to maintain the offer presented" on August 10 for the rescue of the delicatessen company Ferrarini. Not only that: "If appropriate", continues the note, the consortium is available "to enrich its contents even more, if the fair competitive procedure imposed by law is finally established".

There's an air of revival, therefore, after that recently another consortium - composed by Pines and Amco – presented an offer for Ferrarini.  

Bonterre and Gsi point out that, in their competing composition proposal presented to the Court of Reggio Emilia, "all the commitments of the partners have been secured from the time of filing by bank sureties and bank deposits, with the immediate availability of over 50 million to service the repayment of creditors".

Furthermore, Bonterre and Gsi point out that their offer would allow “the construction of an all-Italian supply chain process, from the farmer to the consumer, the certain and immediate usability by all the workers of the nearby plants and establishments of the Bonterre group and Opas, in the event of shutdown of the Rivaltella plant, and the guarantee of the employment levels already identified".

The Pini-Amco proposal, on the other hand, is characterized by the "lack of immediate or short-term payments of the composition liabilities - continues the note from Bonterre and Gsi - with the shifting of the satisfaction from the third year of the business plan onwards, with all the risks associated with payment through business continuity resources, not guaranteed.

Furthermore, the Pini-Amco offer would not provide any "certainty on production and industrial continuity in Italy, since the Pini family lacks the expertise in the sector of pork meat cured meats and in the marketing of Made in Italy food on international markets" .

Finally, Bonterre and Gsi reiterate their "availability towards the trade union organizations, to represent them the structure and contents of the Bonterre proposal, with the relative prospects from an industrial and employment point of view".

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