Company Overview of SACE S.p.A.
SACE S.p.A. provides a range of insurance and financial products and services for various companies and banks 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 factoring, reverse factoring, and trade finance. It also provides Sviluppo export fund, working capital financial guarantees, guarantee for the internationalization of SMEs, financial guarant...
Piazza Poli, 37/42
Rome, RM 00187
Key Executives for SACE S.p.A.
Chief Executive Officer and Director
Director of Corporate & Investment Finance
Chief Information Officer
Compensation as of Fiscal Year 2014.
SACE S.p.A. Key Developments
EuroChem and SACE Sign Memorandum of Understanding on Construction of Five Plants
Apr 10 15
EuroChem and SACE have signed a memorandum of understanding on construction of five plants to produce ammonia and urea over 10 years, in Russia, the U.S. and Kazakhstan. The enterprises will have combined capacity to produce 5 million tonnes of ammonia and EUR 7.5 million tonnes. The agreement provides for construction of an ammonia plant in Nevinnomyssk and a urea plant in Kingisepp, with the subsequent possibility of integrating urea capacities. Maire Tecnimont will be the EPC contractor for the project. It has already completed development of the FEED for the project in Nevinnomyssk and the ammonia plant in Kingisepp. Two other projects are planned in the U.S. state of Louisiana and in Zhanatas, Kazakhstan.
Sace Reports Earnings Results for the Nine Months Ended September 2014
Oct 22 14
Sace reported earnings results for the nine months ended September 2014. For the period, the company booked a net profit of EUR 377.5 million for the period, marking a 15.4% year-on-year increase. Pre-tax profit went up 17.7% to EUR 549.9 million. Operating profit stood at EUR 555 million, rising 23.6%.
Sace Announces Earnings Results for the First Half of 2014
Jul 23 14
Sace announced earnings results for the first half of 2014. For the period, the company reported net profit dropped 32% annually to EUR 212.4 million (USD 286 million) on the back of lower interest rates and the stock market prices of the equities in its portfolio. Gross premium income rose 13.4% to EUR 132.2 million.
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