STRATEGIC AGREEMENT BETWEEN FIERE DI PARMA AND FIERA MILANO - PRESS RELEASE

(Parma, 9 March 2023) – Following the favourable decisions taken firstly on March 7 by the General Meeting of Fiere di Parma, and later on March 9 by the Board of Directors of Fiera Milano, the agreement between the two companies was finally signed for a harmonised management of their events dedicated to the agri-food sector, namely Cibus and Tuttofood. Fiera Milano is now the second private shareholder of Fiere di Parma with an 18.5%, share, behind Crédit Agricole Italia with 26.44% ownership. Together with Unione Parmense degli Industriali, with its 6.88% share, the private shareholders that have been managing the exhibition centre for 14 years have strengthened their agreement and the company will manage both events with Cibus’ historical partner: Federalimentare.

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