Veronafiere has completed a capital increase

Banco BPM and Fondazione Cariverona have subscribed a portion of the US$35 million capital increase in Veronafiere S.p.A.

Established in 1898, Veronafiere is among the first organizer of exhibition events in the Italian market, representing a natural hub for the promotion of “made in Italy”. Vinitaly, Marmomac, Fieragricola, Fieracavalli and Samoter are just some of the successful products in a portfolio that reflects a specialization in supply chains related to wine and food, agri-food, natural stone, design and construction machinery. The group’s operations are focused on world markets through international exhibitions, covering USA, China, Russia, Brazil, Canada, Germany, UK, Netherlands, Mexico, Poland, Thailand, Hong Kong, Morocco and Peru.

Banco BPM is the third largest banking group in the country, with 22,000 employees, 1,700 branches, four million customers, and a presence rooted in the regions of Northern Italy, among those with the highest industrial concentration in Europe.

Oaklins’ team in Italy acted as financial advisor to Banco BPM and Fondazione Cariverona in this transaction.