News
August 25, 2020 – Banco BPM alongside VERTEQ Capital in support of ArteOlio
Banco BPM has provided new medium-long term financing lines, for a total amount of €5,85m, to support the start-up phase of ArteOlio Società Agricola S.r.l. ArteOlio is an innovative start-up established in August 2019 in Grosseto with the objective of developing 500 hectares of super-intensive olive groves in Tuscany. ArteOlio, led by the chairman Augusto Lippi and the CEO Riccardo Schiatti, has completed at the end of 2019 a first round of funding for a total of €5m in equity provided by the private equity holding VERTEQ Capital, led by Ennio Valerio Boccardi, who seats in the board of ArteOlio with the role of Vice-Chairman. «We are truly satisfied of the valuable contribution that BPM is offering us in the realization of our project – commented Augusto Lippi, chairman of ArteOlio – the Bank has shown, especially in a difficult period in which an extreme economic uncertainty prevails, that it is able to support entrepreneurs willing to invest in the territory and determined to safeguard the “made in Italy”».
Source: www.bebeez.it
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