Following the onboarding of receivables in respect of Cuki, Lediberg, Magicland, Manucor and Burgo for a total nominal value in excess of Euro 410 million, Pillarstone completed the acquisition of a further portfolio of receivables vis-à-vis Premuda S.p.A., an Italian company active in the maritime/shipping industry and listed on the Italian stock exchange.
For this transaction as well, Pillarstone’s team made use, among other things, of the tools made available by Italian law no. 130 of 1999, implementing a complex securitization program aimed at the acquisition of receivables with a total nominal value in excess of Euro 270 million.