January 2011 by Finacity
Finacity and Fortis Commercial Finance Facilitate a €20 million Trade Receivables Funding Program for Portugal Headquartered INAPA Group’s Subsidiary in Spain
18th January 2011 – Finacity Corporation (“Finacity”) and Fortis Commercial Finance (‘FCF’) announced that they successfully closed a trade receivables funding program for INAPA Spain. The funding facility provides INAPA Spain with up to €20 Million in receivables financing.
About INAPA Group
INAPA, headquartered in Portugal, is one of Europe’s leading paper suppliers, with a particularly strong presence in Germany, France, Switzerland, Spain and Portugal. The Group’s main activity is the sale and distribution of commercial printing and office papers to printers, publishing houses and corporate entities.
About Finacity Corporation
Finacity Corporation specializes in the structuring and provision of efficient receivables funding programs, state-of-the-art servicing and administration. Finacity conducts business throughout the world. For more information about Finacity, please visit www.finacity.com.
About Fortis Commercial Finance
Fortis Commercial Finance (FCF), headquartered in The Netherlands, is a globally leading service provider for commercial finance and factoring. FCF’s main activity is to provide financing, receivables management and risk coverage services across Europe. FCF, with offices in 13 countries, is fully-owned by ABN AMRO Bank N.V. and will be rebranded by February 21 towards ABN AMRO Commercial Finance.
For more information on this transaction please contact:
Charles Nahum (UK)
Tel +44 20 7935 3390
Jim Leonard (USA)
Tel +1 203 428 3548
ABN AMRO / Fortis Commercial Finance
Pierre de Corta
Tel + 33 155 677 521
Jeroen van Maarschalkerweerd
Tel +31 20 628 4748