June 7, 2021 – New financing round from Banca Carige and Banco BPM in support of ArteOlio’s Tuscan olive oil

New medium-long term financing lines, for a total amount of euro 5.3m, have been provided to ArteOlio Società Agricola S.r.l. by a pool of banks made up of Banca Carige and Banco BPM, which acted as agent bank, to support a phase of acceleration in the development of the companyThis funding round fits into a wider financing transaction initiated in August 2020 with the provision by Banco BPM of a first financing line of euro 5.9m. ArteOlio Società Agricola Srl is an innovative SME established in August 2019 in Grosseto and controlled by VERTEQ Capital, Milan-based private equity holding led by Ennio Valerio Boccardi. Thanks to this additional financing round, the financial resources raised by ArteOlio in the last 18 months to support the development of 500 hectares of land in Tuscany for the production and commercialization of premium-quality extra-virgin olive oil with the best innovative and sustainable techniques have reached euro 10.5 million in equity and euro 11.2 million in medium-long-term loan facilities.

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