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Italy: FSI acquires 27% of equity from the fintech company Cedacri

Description

On 22 December 2017, the Italian sovereign fund FSI invested EUR 99 (USD 117) million in Cedraci, an Italian fintech that specializes in IT outsourcing services for the banking sector. Notably, the ca...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

22 Dec 2017

Revocation date

No revocation date

Implementation level

NFI

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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