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SIMEST gives the green light to contributions to companies making direct investments abroad
Rome, 28 June 2016
Businesses assisted by CDP Group will enjoy a contribution to loan interest to finance the acquisition of its stake for much higher amounts than in the past.
The go-ahead regards the increase from 10 million to 40 million euro in funding related to the interest on bank loans taken out by Italian companies to acquire stakes in companies in countries within the European Union. The maximum funding limit for acquiring, holding or setting up companies abroad that concern entire economic groups rose to 80 million euros.
The innovations introduced by SIMEST make it even more advantageous to have CDP Group as a partner, both for SMEs and larger companies.
Simest, in addition to investments in the capital, provides soft loans to help companies to address all phases of international expansion.
At the end of last year, Simest had 243 companies in its portfolio