Oct. 13 – The Stevanato Group invested €15 million to support growth in emerging markets. The medium-long term financing operation for the group based in Piombino Dese (Padua) was financed by Friuladria Crédit Agricole and Sace. The line of credit, paid in full by Friuladria, was guaranteed by Sace at 50% and structured with the support of the Corporate Finance Group team at Cariparma Crédit Agricole. The financing is designed to support the investment plan for 2014-2017. The company, specializing in the design and production of glass packaging for the pharmaceutical industry, aimed at strengthening the existing plant in the industrial area of Jiangsu Province, China, in line with its objectives for the increased efficiency of the plants in China and Mexico. The broader goal is to support the group’s expansion in the Asian and South American markets. (Cle)
