Burgo: a new name for the platform

A few days after the implementation of the securitization programs implemented with regard to Lediberg, Cuki, Magicland and Manucor, the Pillarstone platform has acquired a portfolio of receivables and quasi-equity instruments vis-à-vis Burgo, an Italian company active in the production of, inter alia, graphic and specialty papers.

For this transaction as well, Pillarstone’s team made use of, among other things, the tools provided by the Italian law no. 130 of 1999 to implement a securitization program aimed at acquiring instruments with a total nominal value in excess of Euro 190 million.

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