(PRESS RELEASE) MILAN, 11-Oct-2019 — /EuropaWire/ — Intesa Sanpaolo announces the establishment of a trading company specialising in the purchase and sale of Italian products abroad. Exetra aims to accelerate the internationalisation process of Italian companies by promoting ‘Made in Italy’ on international markets. The new trading company – a Group subsidiary – will focus on the purchase of goods and technologies produced in Italy by small and medium-sized companies and their sale on international markets.
Exetra supports the internationalisation of Italian companies, particularly SMEs, by acting as an outlet on foreign markets.
Exetra’s operations are part of the support activities that the Intesa Sanpaolo Group provides companies in market analysis, customer search, or by issuing international performance and advance payment guarantees.
A consulting firm founded by Sergio Castelbolognesi, SCB Market Traders, is a partner in the initiative.
Exetra’s Board of Directors is composed by: Teresio Testa – Head of Intesa Sanpaolo’s SME Sales & Marketing Department (Banca dei Territori Division) – who has assumed the role of chairman, Sergio Castelbolognesi has been appointed Chief Executive Officer, Stefano Favale – Head of the Global Transaction Banking Department at Intesa Sanpaolo’s Corporate & Investment Banking Division -, Domenico Introzzi e Fulvio Pastore.
“Thanks to the establishment of Exetra we will be able to further enhance the promotion of ‘Made in Italy’ goods by supporting the growing demand for quality Italian products. With this initiative, the Intesa Sanpaolo Group is increasing the range of tools available to companies, further promoting their international expansion, and access to new markets. Thanks to the expertise of our structures in terms of analysis, ability to network on the main foreign markets, and experience in international guarantees and advanced payment systems, we put Italy’s production system in the best position to establish itself and compete at a high level even in new markets,” commented Teresio Testa, Head of Intesa Sanpaolo’s SME Sales & Marketing Department (Banca dei Territori Division) and Chairman of Exetra.
“Our ambition is to make Exetra the point of reference for all the different entities that work to promote foreign trade in Italy, whether they are companies or institutions. With Exetra we want to create a networked system and thus provide practical solutions to Italian companies that, on a daily basis, have to contend with competitors from countries where a national network system is the key to success in a global marketplace,” said Sergio Castelbolognesi, CEO of Exetra.
“with Exetra we are able to better support Italian companies, providing them with practical assistance for selling their goods abroad, thanks to a team with high levels of expertise in the markets in which the goods are sold, knowledge of their potential final purchasers and of the rules and regulations for their export,” added Stefano Favale, Head of the Global Transaction Banking Department at Intesa Sanpaolo’s Corporate & Investment Banking Division and director of Exetra.
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SOURCE: Intesa Sanpaolo