Global Trade Alert
Global Trade Alert

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

Announcement

22 Dec 2017

In December 2017, the Italian sovereign fund Fondo Strategico Italiano (FSI in Italian) acquired a 27% stake in Italian fintech company Cedacri.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

22 Dec 2017

Revocation date:

No revocation date

Updated: 22 Dec 2017
Capital injection and equity stakes (including bailouts) In force

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...

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