PRESS RELEASE – EDILIZIACROBATICA: FROM INTESA SANPAOLO €8 MILLION REVOLVING CREDIT LINE TO PURCHASE ECOBONUS TAX CREDITS

PRESS RELEASE

EDILIZIACROBATICA: FROM INTESA SANPAOLO €8 MILLION REVOLVING CREDIT LINE TO PURCHASE ECOBONUS TAX CREDITS

• EdiliziAcrobatica has chosen Intesa Sanpaolo as its sole partner for the transfer of tax credits related to the Ecobonus, also with the help of Deloitte through the Bank
• To date €2 million in credits transferred and already paid thanks to the agreement, referring to the first tranche of work completed in 2020

Turin, 31 March 2021 - Intesa Sanpaolo has made a revolving credit line of €8 million available to EdiliziAcrobatica, which the company can use to transfer Ecobonus tax credits without recourse to the Bank, receivables generated by renovation works that benefit from the tax concessions introduced by the 'Relaunch Decree'. To date, the credits transferred and already paid - referring to the first tranche of work completed in 2020 - amount to approximately €2 million.
The agreement with Intesa Sanpaolo provides EdiliziAcrobatica with the financial support necessary to organise the execution of the works without any worries, from the initial start-up phase to conclusion, allowing it to optimise financial resources, improve cash flow and make the most of the opportunities offered by the tax incentives. Since last September EdiliziAcrobatica has initiated jobs worth more than €22 million, with projects involving 330 residential properties throughout Italy.