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February 12, 2016 1:50 AM ET


Company Overview of SACE S.p.A.

Company Overview

SACE S.p.A. provides a range of insurance and financial products and services for companies in Italy and internationally. The company offers credit insurance products, including BT 360°, BT export development, confirmation of letters of credit, buyer credit, supplier credit, and civil works policies; surety bonds, such as guarantees for customs duties, tenders and contracts, and tax refunds; and factoring services comprising factoring without recourse, factoring with recourse, maturity and reverse factoring, and trade finance. It also provides Sviluppo export funds, working capital financial guarantees, guarantee for the internationalization of SMEs, financial guarantee of investments, and i...

Piazza Poli, 37 /42

Rome, RM 00187


715 Employees


39 06 67361


39 066 736225

Key Executives for SACE S.p.A.

Chief Executive Officer and Director
Chief Financial Officer and Executive Officer
Chief Operating Officer
Director of Corporate & Investment Finance
Chief Information Officer
Compensation as of Fiscal Year 2015.

SACE S.p.A. Key Developments

Sace and GE Oil & Gas Sign Memorandum of Understanding

Sace and GE Oil & Gas have signed a memorandum of understanding, or MoU, for exports of technology providers and services in the oil and gas industry. The MoU provides that SACE will support exports of GE Oil & Gas in an amount estimated to reach $6 billion for the years 2016-2018 in several markets, with focus on Latin America, North Africa, Sub Saharan Africa, Middle East and Asia. The cooperation will allow GE Oil & Gas to provide customers with competitive SACE-backed financing to buy its products and services, allowing it to seize new global opportunities and satisfy international demand. SACE will also provide financial support for the sale of products in the gas turbine family NovaLT, 100% made in Italy turbines recently introduced by GE Oil & Gas. In order to develop and produce new-generation gas turbines and centrifugal compressors, GE Oil & Gas also announced a 5-year investment plan worth $600 million. Within this collaboration, SACE and GE Oil & Gas will work together to support the development of innovative solutions, with the aim of continuously improving service efficiency and satisfaction of international customers.

SACE SpA Presents at The 16th Annual Global Export Finance Conference, Sep-09-2015 12:30 PM

SACE SpA Presents at The 16th Annual Global Export Finance Conference, Sep-09-2015 12:30 PM. Venue: Hotel Arts, Barcelona, Spain. Speakers: Giulio Dal Magro, Head of Heavy Industries - Large Business.

Technip, SACE and Midor Announce Agreement for the Alexandria Refinery

Technip Italy S.p.A. and SACE announced the finalization of a joint agreement with Middle East Oil Refinery for a project to modernize and expand the MIDOR refinery near Alexandria, Egypt in the frame of the long-standing cooperation between Italian and Egyptian Governments and companies, especially in the Oil and Gas sector. The investment has an estimated total value of USD 1.4 billion and aims at improving the production quality of the plant, considered the most advanced of the African continent, by increasing its refining capacity from 100,000 to 160,000 barrels of crude oil per day. SACE commits to launch the evaluation process in order to ensure an export credit facility to support the project. Technip will in parallel start the activities on the project. In due course, Technip will take responsibility for the EPC phase of the project.

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