INTESA SANPAOLO PROVIDES FINANCING
OF €40 MILLION WITH A GREEN SACE GUARANTEE TO SACMI
FOR CIRCULAR ECONOMY PROJECTS

 

• Richard Zatta (Global Corporate Head of Intesa Sanpaolo’s IMI CIB Division): “This deal with SACMI confirms Intesa Sanpaolo’s commitment to redefining business strategies with a focus on innovation and sustainability. It marks the completion of yet another transaction for the Bank as part of its credit facility for the Circular Economy”.
  
• Paolo Mongardi (Chairman of SACMI): “This financing is part of and strengthens the Group’s specific strategy of continuously improving the environmental thrust of its global offer to meet demand that is increasingly sensitive to these issues. Moreover, it confirms the company’s deep commitment to sustainability and ESG issues”.
• Simonetta Acri (Chief Mid Market Officer of SACE): “In line with the objectives of the Italian Green New Deal, SACE is delighted to continue supporting a high-calibre group like SACMI, international leader in the industrial plant engineering sector, which has centred its strategy around the circular economy and environmental sustainability, essential drivers for the recovery of the local and national economy”.

 

Milan/Imola, 7 September 2021 – Intesa Sanpaolo has signed an agreement with SACMI, an international group and global leader in plant and machinery for ceramics, packaging, food & beverages, technologies and advanced materials, to provide financing of €40 million that will enable SACMI to achieve specific Research & Development targets geared towards improving the environmental sustainability of ceramic and rigid packaging production processes in accordance with the tenets of a circular economy. The financing is backed by a SACE Green Guarantee covering 80% of the financed amount.

The financing consists of an eight-year credit facility with a pricing mechanism linked to the achievement of specific circular economy targets. These targets include developing new technologies and engineering solutions that make production processes increasingly circular and efficient by improving energy consumption, the recovery of waste, the use of compostable materials and the containment of polluting emissions.

“This financing,” emphasised Paolo Mongardi, SACMI Chairman, “is part of and strengthens the Group’s specific strategy of continuously improving the environmental thrust of its global offer to meet demand that is increasingly sensitive to these issues. Moreover, it confirms the company’s deep commitment to sustainability and ESG issues”.

The transaction was handled by Intesa Sanpaolo’s IMI Corporate & Investment Banking Division, led by Mauro Micillo, with the support of the Circular Economy Team of Intesa Sanpaolo Innovation Center, the Group’s innovation company managed by Maurizio Montagnese.

Thanks to their positive impact in terms of mitigating climate change, the financed projects meet the objectives of the Green New Deal, the plan for a modern, circular, sustainable and resilient Europe. In this context, SACE, an institution specialised in supporting the development of Italian businesses, plays a key role in implementing the Green New Deal in Italy. Since the “Simplification” Decree-Law (76/2020) went into force last July, SACE, under the leadership of CEO Pierfrancesco Latini, can now issue “green guarantees” for domestic projects that encourage the transition to an economy with a lower environmental impact, integrate production cycles with low-emission technologies for the production of sustainable goods and services and promote initiatives aimed at developing new and greener modes of transport.

“The circular economy is vital for economic development that generates a positive environmental and social impact,” noted Richard Zatta, Global Corporate Head of Intesa Sanpaolo’s IMI Corporate & Investment Banking Division. “This deal with SACMI confirms Intesa Sanpaolo’s commitment to redefining business strategies with a focus on innovation and sustainability, ensuring financial support for investments that contribute to redesigning the industrial system. It marks the completion of yet another transaction for the Bank as part of its credit facility for the Circular Economy”.

“This transaction is another step in our ongoing commitment to championing the country’s environmental transition,” remarked Simonetta Acri, SACE’s Chief Mid Market Officer. “In line with the objectives of the Italian Green New Deal, SACE is delighted to continue supporting a high-calibre group like SACMI, international leader in the industrial plant engineering sector, which has centred its strategy around the circular economy and environmental sustainability, essential drivers for the recovery of the local and national economy. This transaction deepens SACE’s longstanding relationship with the SACMI Group, one that has grown stronger over time, driving growth on foreign markets and helping to find the most competitive solutions for structured finance needs, and this green guarantee further confirms their important partnership.” 

 

Press Information

Intesa Sanpaolo

Media Relations, Corporate & Investment Banking and Governance Areas

stampa@intesasanpaolo.com