Sale of Superbonus tax credits: agreements with businesses

Intesa Sanpaolo has purchased more than €18 billion of tax credits since the start of Superbonus, Ecobonus and Sismabonus transactions, accounting for almost 50% of the purchase market for financial intermediaries.

Intesa Sanpaolo has therefore entered into several agreements for the transfer of tax credits related to the Superbonus and Building Bonuses with companies throughout Italy: the goal is to expand its tax capacity in order to revitalise the sale market.

Sale-back: why is it important?

The granting of tax credits to companies by banks, made possible by the Aid Decree, increases their tax capacity, enabling:

• banks to acquire new credits for the benefit of construction companies and customers still waiting to be able to sell their credit
• companies to gain a significant tax advantage

Intesa Sanpaolo's main credit sale-back transactions to corporates – essential, decisive partners in boosting this market – include:

• €1.3 billion to Ludoil Energy, a leading private energy company, active in infrastructure logistics and renewables, and investing in innovative circular economy projects
• €500 million to Gruppo Unoenergy, one of the leading private operators in Italy for the supply of natural gas, electricity and energy efficiency services, with which the first agreement was signed in Liguria
• €200 million to Autotorino, the Italian leader in the automotive market with a widespread presence throughout northern Italy, with whom the first agreement was signed
• €175 million to Sideralba, a company active in the steel sector in the province of Naples, with which the first agreement in Southern Italy was signed
• €120 million to Bluenergy, an energy multi-service company based in Udine
• €60 million to Luiss University - Libera Università Internazionale degli Studi Sociali Guido Carli, promoted by Confindustria and specialised in the social sciences
• €51.5 million to Gruppo Tosto, based in Abruzzo and a leading manufacturer of critical components for the process industry, in particular chemicals, petrochemicals, oil and gas and energy
• €50 million to Finstral, Europe's leading window manufacturer, with whom the first agreement was signed in Trentino Alto Adige
• €40 million to Salcef Group, Italian excellence in the railway industry
• €33 million to NWG Energia, a trader of renewable energies on the Italian market
• €29 million to Piva Group, a leading Veneto-based door and window manufacturer
• €27 million to Quellogiusto, a footwear, clothing and leather goods retailer

Intesa Sanpaolo was the first bank to fully implement the Aid Decree: within a few months of the decree's entry into force, it had signed sale-back contracts worth €7.7 billion, freeing up tax capacity immediately. 

Intesa Sanpaolo hopes to involve new companies that can contribute to the initiative, in support of the Italian economy.