Cassa Depositi e Prestiti, Leonardo sign MoU
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Cassa Depositi e Prestiti (CDP) and Leonardo have signed aMemorandum of Understanding (MoU) with the aim of reinforcing synergies andstrengthening activities in support of the national leader in the aerospacesector and its supply chain. The MoU was signed by Fabrizio Palermo, CDP’s CEO,and Alessandro Profumo, Leonardo’s CEO. New activities covered by the agreementinclude support to the strategic supply chain, Leonardo’s investments, exportfinance and international cooperation.
Specifically, Leonardo will be able to use CDP support forforeign sales of goods and services, thanks to financial help and/or theissuing of guarantees, and in potential investment initiatives for thedevelopment of new products and technologies. CDP will also support thedevelopment of Leonardo’s sustainable initiatives with high social-economicimpact in developing countries.
CDP’s support of Leonardo’s supply chain will focus onstudying and researching possible financial solutions for Leonardo’s strategicsuppliers, utilising the current budget and medium–long term funding, andthrough the expansion of services offered by CDP.
Fabrizio Palermo, CDP CEO: “The agreement is in line with CDP’snew approach and business vision adopted with the 2019-2021 Business Plan.Thanks to the MoU we will be able to launch important synergies in support ofLeonardo’s investments and competitiveness abroad, also through solid supportto the Italian aerospace, defence and security supply chain.”
This MoU follows the previous agreements signed in May andJune 2019 about collaboration between Leonardo and CDP in support of the supplychain of the main national industry in the Aerospace, Defence and Securitysector. In the first MoU, Leonardo, CDP and ELITE – a Borsa Italiana company –agreed on a collaboration to study, research and evaluate possible solutionsfor Leonardo’s key suppliers, members of the “ELITE Leonardo Lounge”. Thesecond MoU between Leonardo and CDP states that CDP, singularly or inpartnership with banking institutes, will promote task forces with Leonardo toresearch and improve financing solutions for Leonardo’s key suppliers tosupport their activities and growth plans.
CDP, in line with its role as National Promotion Institute,fosters development in Italy, using the country’s savings responsibly tosupport growth and boost employment, supporting innovation, businesscompetitiveness, infrastructure and local development. The 2019-2021 BusinessPlan will provide companies with 83 billion euro - over the three-year period –through an integrated offer focused on innovation, growth andinternationalization. With the aim to expand the number of companies receivingsupport to 60,000, the project is being developed in strategic areas and offerstools such easy credit terms, export support and internationalization,alternative finance, support to access credit and interventions in equity.
