Italian state fund eyes investments in food sector

Jul 02, 2015 375

Italian state-sponsored investment fund Fondo Strategico Italiano (FSI) has signed a memorandum of understanding with an agriculture Ministry's agency to jointly invest in the food sector. Investors' interest for premium food and beverage companies in Italy is on the rise.

Italian wine maker Masi Agricola last week successfully completed an offer of its shares which will start trading on the Milan's stock exchange on Tuesday. According to FSI, Italy's agriculture and food sector accounts for 17 percent of gross domestic product with exports reaching 34 billion euros last year.

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