MILAN, Jan. 14 (Class Editori) -- CDP supports the new investments of Gruppo Italiano Vini, in order to foster its dimensional growth and expansion on international markets. Cassa depositi e prestiti allocated 10 million Euros for new investments in the production wineries of the first Italian wine producer in terms of turnover.
Gruppo Italiano Vini (GIV), which groups 15 wineries distributed in 11 Italian regions on a surface of more than 1,600 hectares of vineyard, recorded a turnover of 388 million Euros in 2018: 75% of which abroad. This goal was obtained by trading wines with historical and well renowned brands, such as Nino Negri in Valtellina, Bolla e Santi in Veneto, Cavicchioli in Emilia-Romagna, Re Manfredi in Basilicata, Castello Monaci in Salento and Tenuta Rapitalà in Sicily.
GIV is controlled by Cantine Riunite & CIV, an agricultural cooperative based in Campegine (RE), whose consolidated revenues amounted at 612 million Euros in 2018 and which groups about 1,600 members and 20 wineries, in the areas DOCG, DOC e IGT of Emilia-Romagna and Veneto regions, and important brands, such as Riunite, Albinea Canali, Cantine Maschio, Righi and CIV&CIV.
Gruppo Italiano Vini distributes its products in more than 89 foreign countries and it controls the most important markets, thanks to the widespread diffusion of many foreign branches, such as the one in China (in Shanghai) and the trade Liaison office in Tokyo.
Nunzio Tartaglia, Responsible of CDP Imprese, declared: “CDP strengthens its support to the champions of Made in Italy worldwide, as planned in the Industrial Plan 2019-2021, in a sector, such as the wine industry, which plays a key role for Italy. It is a strategic operation, able to strengthen the partnership between Cdp and Alleanza Cooperative Italiane, which is an entrepreneurial network of almost 40,000 cooperative enterprises.”
Giorgio Mercuri, chairman of the agro-industrial sector of Alleanza Cooperative italiane, expressed his satisfaction for this operation. According to Mercuri, “Cassa Depositi e Prestiti could offer great support to GIV, with the aim of promoting and increasing its innovation processes, dimensional growth and expansion on international markets, which have already been successfully implemented by the cooperative enterprise in the last years, managing to strengthen its leadership in the Italian wine industry.”
(Source: Class Editori)
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