SIMEST

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SIMEST
Società per Azioni
ISIN🆔
IndustryFinance
Founded 📆1990 in Rome
Founder 👔Italian government
Headquarters 🏙️,
Rome
,
Italy
Area served 🗺️
Italy
Key people
Mauro Alfonso (CEO), Pasquale Salzano (Chairman)
Members
Number of employees
162 (2016)
ParentCassa Depositi e Prestiti
🌐 Websitesimest.it
📇 Address
📞 telephone

SIMEST is the Italian Development Finance Institution; the company is part of Cassa depositi e prestiti Group and 76% controlled by SACE[1], which supports the international growth of Italian companies. It is a member of EDFI - European Development Finance Institutions.[2]

History[edit]

It was created by the italian Ministry of Foreign Trade as Società Italiana per le Imprese Miste all'Estero - SIMEST (Italian Company for Joint Ventures Abroad) following Law 100/1990 which disposed for the creation of a company that involved companies created in non-EU countries by Italian companies,[3] which provided them with advice and assistance and that promoted and developed their activities. Since 2011, it is also able to acquire minority stakes in Italy and in the EU under market conditions and without concessions.

In 2016, Cassa Depositi e Prestiti incorporated it into SACE, constituting the Group’s Export and Internationalization Hub,[1] a single point of access to all financial and insurance instruments to support Italian companies that want to compete and grow internationally.

Activity[edit]

SIMEST supports the company throughout the development cycle abroad, from the first assessment toward an opening to a new market to expansion through direct investment.
Worldwide presence (in equity) as of Dec 31, 2020:[4]

  • Europe: 269.165.626€
  • Africa: 35.341.361€
  • America: 247.837.682€
  • Asia: 75.432.874€
  • Oceania: 6.797.028€

Financial statements[edit]

The resources mobilized and managed in 2020[5] amounted to 4.2 billion euros. Subsidized financing for internationalization has reached an all-time high of more than 1 billion euros, export support in 2020 was almost 3.2 billion euros, new participations acquired in companies abroad and in Italy amount to 87 million euros. SIMEST closed 2020 with a net profit of 4.6 million euros, supporting 3,842 companies in 112 countries worldwide.

See also[edit]

  • Cassa depositi e prestiti
  • SACE

References[edit]


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