1977 - Establishment of SACE as public entity under the surveillance of the Italian Ministry of Economy & Finance (MEF) 2004 - SACE is transformed into a joint stock company, whose capital is wholly owned by MEF and enters the short-term credit insurance market 2005 - SACE enters the surety market 2010 - SACE enters the factoring market 2012 - SACE is acquired by Cassa depositi e prestiti 2016 - SACE and SIMEST constitute a hub for exports and internationalization with their One-door initiative