A few days after the implementation of the first securitization program with regard to Lediberg and Cuki, the Pillarstone platform acquired today a portfolio of receivables vis-à-vis Magicland (an Italian company owner of the homonymous amusement park located in Valmontone) and Manucor (an Italian company active in the production of polypropylene films for flexible packaging and labels).
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 115 million.