Business News • MarketWire • Finacity and ING Belgium SA/NV Successfully Launch a EUR 100 Million Pan-European Trade Receivables Securitization for Portugal Headquartered Sonae Industria (SONI.LS)

Finacity and ING Belgium SA/NV Successfully Launch a EUR 100 Million Pan-European Trade Receivables Securitization for Portugal Headquartered Sonae Industria (SONI.LS)

Finacity and ING Belgium SA/NV Successfully Launch a EUR 100 Million Pan-European Trade Receivables Securitization for Portugal Headquartered Sonae Industria (SONI.LS)

BRUSSELS, BELGIUM and LISBON, PORTUGAL and LONDON and NEW YORK, NY--(Marketwire - Sep 14, 2012) - Finacity Corporation ("Finacity") and ING Belgium SA/NV announce today that they have facilitated the successful closing of a trade receivables securitization for Sonae Indústria SGPS, SA ("Sonae Indústria"). The securitization program will provide Sonae Indústria with cash proceeds of up to EUR 100 million through the on-going purchase of receivables from its European operations.

View More : http://www.marketwire.com/mw/release.do?id=1701665&sourceType=3

Releted News by marketwire

Prepaid iPhone 5 Insurance Set to Skyrocket

Futura Signs Agreement With P&B Transport to Issue Aeroplan Miles to Its Customers