Octopus Holdings Foundation, based in Singapore, expands its holdings in the Italian food industry, in particular in the chocolate sector with an investment in Amedei. The transaction allows the Italian company to obtain the resources necessary to develop their ambitious international program as well as develop their relationship and accelerate growth in the key Asian markets. “We see a substantial share of global growth in Made in Italy for the coming years from the food market, given an increasing product awareness among consumers and a tightening of safety standards and regulation” said a spokesman. “The intervention of Octopus Holdings Foundation will allow us to extend our range on offer, through the strengthening of the research and development and marketing activities, as well as allowing us to increase the level of export and internationalization” said Cecilia Tessieri, ceo of the company. The firm will continue to be run by the Tessieri’s family management.