ECONOMY AND MARKET

Illimity Alongside Amut to Support its Plan for Growth

illimity Bank S . p . A , a high-tech bank listed onBorsa Italiana ’ s Star segment , has completed a financing operation worth 10 million euro tosupport the growth plans of Amut S . p . A , a leader inthe field of plastic processing machinery . Founded in Novara in 1958 , Amut took the decision two years ago to begin refocusing its business on the recycling segment , leading the company to increase its value of production from 67 million euro in 2018 to a forecasted over 100 million euro for 2020 . This business has now become the reference market for Amut , capable of generating 66 % of its contracts . The significant growth in the recycling segment and the need to continue investing , in order tobecome even stronger in an expanding business

with a positive impact in terms of sustainability , led Amut to seek a banking partner capable of understanding the dynamics of the repositioningtaking place and of providing the support required to be able to continue with the development plan . Thanks to an approach combining financial skill and technological and industrial expertise , illimity worked alongside the company during the analysis phase , assistance which included advice givenby a tutor expert in the plastic processing and recycling sector , considered to be both sustainableand high-potential . A medium-term financing operation worth 10 million euro and consisting of two tranches was accordingly structured , of which one , amounting to 6.25 million euro , is guaranteed by the Italian Central Guarantee Fund . “ We are proud to support a company like Amut which has converted its business from theviewpointof

greater sustainability and profitability ”, commented Enrico Fagioli , Head of illimity ’ s SMEDivision , who added : “ The unstable and uncertain situation in which we find ourselves calls for thebanking system to work particularly closely with businesses . For this reason , illimitycontinues tosupport the growth of Italian SMEs in the best way possible and by the most effective means , performing a detailed analysis of the underlying business together with its potential and the relativegrowth plans ”. “ Amut has identified the ideal partner in illimity for continuing this business relaunch and conversionphase . A partner capable of looking at the Company ’ s business plan , conducting assessments thatgo beyond the numbers of the past and focusing on the Company ’ s growth plans and businesspotential ”, commented Mauro Drappo , Chief Executive Officer of Amut , who added : “ Thedevelopment of the plastics sector over the past few

Corrado Passera , founder and CEO of illimity Bank

years has led Amut to concentrate on recycling , and the conversion process calls for investments to deal among other things with the significantgrowth in contracts that we are experiencing ”.

1

PET

1

PET

2

HDPE

2

HDPE

3

PVC

3

PVC

4

LDPE

4

LDPE

SQUEEZING PRESS SQUEEZING AND DENSIFIERS PRESS AND DENSIFIERS

5

PP

5

PP

6

PS

6

PS