(Finance) – SACEthe Italian insurance-financial group directly controlled by the Ministry of Economy and Finance, e ED&F MAN Liquid Product Italia srl, leading company in the import, management and marketing of liquid products and green coffee, sign a Pro Soluto Factoring contract which will allow the latter to sell its credits, ensuring high financial flexibility and optimization of cash flows. This operation – underlines SACE in a note – represents a significant step forward in the collaboration between the two companies.
The resources will be allocated to enhance the services offered to ED&F MAN customers in Italywhich range from the supply of Molasses to the Industry sector, to the sales of Liquid Feed, to the sales of Vegetable Fertilizers to the supply of Green Coffee.
“With this important agreement we aim to support ED&F MAN in its mission of growth and innovation – he declared Silvia Massaro, head of Business Factoring at SACE –. Our goal is to provide strategic assistance that allows our client to further focus on their core activities, improving their competitive position in the market.”
“We are excited to start this collaboration with SACE. Their experience in the factoring sector – he added Giovan Battista Bausani, CFO of EDFMan Liquid Product Italia – will allow us, at a time of high volatility in the prices of the commodities we manage, to face the challenges of the market with greater certainty, allowing us to explore the opportunities in the green coffee and molasses products sectors”.