Commission Gives Green Light

The European Commission has approved investments worth 12.5 million euros from the Italian Ministry of Agriculture’s Development Institute (ISA) in the capital of NewCo, a subsidiary of the Ferrarini Group, one of Italy and Europe’s primary food producers with branches throughout the world. After examining the request from the Italian government, the EU concluded that the investment proposed by the public institution is not state-aid since “it is acceptable for a private investor operating in normal market conditions”, a note released from Brussels reads. ISA’s investment aims at financing the creation of a new Ferrarini Group company, allowing it to satisfy demand originating from foreign markets, as well as expand. The text of the EU Commission decision will be published in the register of financing to countries under the reference number SA.35180.