Thanks to a supply chain agreement, the 14 Trentino dairies belonging to the Trentingrana Consortium will benefit from €43 million. BCC Banca Iccrea and Cassa Depositi e Prestiti, together with BCC Veneta, have financed a new Supply Chain Agreement for €19 million, aimed at promoting and marketing dairy products, particularly Trentingrana cheese. This is in addition to €19 million in non-repayable grants provided by MASAF. The remaining €8 million was financed by the associated companies using their own resources.
The operation, also promoted by Confcooperative, is called “Trentingrana: the flavour of quality and sustainability” and is part of the 5th Call for Supply Chain and District Contracts , managed by the Ministry of Agriculture, Food Sovereignty and Forestry (Masaf).
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In addition to this supply chain agreement, BCC Banca Iccrea has provided Concast with a €3 million loan through a revolving pledge (with the dairy product serving as collateral for the transaction, thanks also to CSQA certification ) to allow for the maturing of the cheeses and support working capital.
"With this operation, the BCC Iccrea Group continues to support agriculture and the people who work in the agri-food sector. This is thanks to our deep expertise in this specific sector, which allows us to be at the forefront of promoting the development of the companies involved in the various projects," commented Carlo Napoleoni , Head of the Business Division of the BCC Iccrea Group.
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Source: Il Sole 24 Ore.it