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Signed a preliminary cooperation agreement in the manufacturing and agricultural sectors with Samruk-Kazyna and KazAgro in Astana
On the occasion of the 9th annual meeting of the International Forum of Sovereign Wealth Funds (IFSWF) held in Astana, Kazakhstan, CDP Equity signed a preliminary cooperation agreement with the Samruk-Kazyna JSC fund and KazAgro national management holding company JSC.
The agreement marks the beginning of a new partnership between the Italian companies in the portfolio of CDP Equity and those in the fund and holding portfolio and aims to create new production facilities in oil & gas components production, food distribution, and agriculture 4.0 sectors in Kazakhstan. In addition, Italian and Kazakh companies will evaluate the possibility of creating new production facilities in the manufacturing and agricultural industries in Kazakhstan using Italian technology.
CDP Equity is a company of the Cassa depositi e prestiti Group with share capital of 3.5 billion which has the mission to support the Italian economy by investing in the capital of companies of major national interest. Among them, it has companies in the manufacturing and agricultural sectors that will be interested in the agreement.
Guido Rivolta, Chief Executive Officer of CDP Equity, commented:
“Thank you very much for believing in CDP Equity as a partner for the future. This is the beginning of an important collaboration that will boost growth and prosperity of both economies. This Preliminary Agreement of Cooperation highlights a long-term partnership with the purpose to increase development of our respective portfolio companies.”
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