(Finance) – Generalfinance communicates the renewal of factoring contracts – in the technical form of the transfer of credits with recourse and without recourse – with Factoritfactoring company of the Banca Popolare di Sondrio Group, and with Bper Factorfactoring company of the Bper Group. The agreements allow Generalfinance to carry out credit transfers until to the maximum amount of 215 million of Euros, of which 180 million with Factorit (increasing the previous limit of 100 million) and 35 million with Bper Factor.
The renewal is part of Generalfinance’s strategy of: diversification of funding sources through agreements with solid counterparties, such as Factorit and Bper Factor; optimization of the cost of supply; increase in counterbalancing capacityin order to support the expansion of the business in line with what will be defined in the new Industrial Plan.