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Italy: FSI invests in joint venture of digital payment services

Description

On 31 January 2022, the Italian sovereign fund Fundo Strategico Italiano (FSI) acquired 60% of BCC Pay, a joint venture it formed with Iccrea Banca. This capital injection measure amounted to EUR 300 ...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

31 Jan 2022

Revocation date

No revocation date

Implementation level

NFI

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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