San Paolo – Simest is a financial institution of Cassa Depositi e Presiti Group that assists in the development and promotion of Italian companies. It is now supporting the growth of the Naples-based company Gruppo Magnaghi in Brazil. The company designs and manufactures aircraft landing gear for the aviation industry. Already a shareholder of Magnaghi Aeronautica do Brasil Participacoes, Simest has increased its share by 40%, endorsing a capital increase of €1.2 million. This increase is meant to support the company’s organisational growth as well as its size in order to make it into a production hub for the Brazilian market. (9Colonne)
