Credit Advisory: the wine sector
Banca Akros at the service of wine-growing excellence.
Milan, 25 July 2013.
Banca Akros, Investment bank and Private Banking of the Bipiemme Group – Banca Popolare di Milano, as Advisor and Agent Bank, has structured a medium-term credit line for the Italiano Vini SpA Group, the largest wine producer in Italy and one of the leading international players in the production and marketing of fine wines.
The transaction structure, the result of the partnership between the Corporate Finance Department of Banca Akros, Banca Popolare di Milano and Gruppo Italiano Vini, stems from the desire to gather and interpret the needs of a very specific sector such as the wine industry. The initiative aims to financially support Gruppo Italiano Vini in managing wines for ageing, such as Amarone della Valpolicella, without interfering with the free availability of the product.
The experience of Banca Akros and the BPM Group in structuring financing for commodities and storage products, combined with that of an important organisation such as Gruppo Italiano Vini, made it possible to finalise this transaction: the first in Italy.
Banca Popolare di Milano participated in the transaction as lender and Studio Legale Bonelli Erede Pappalardo as legal advisor.
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