As published yesterday by the news agency Europa Press, Banco Sabadell has granted a factoring line of 150 million euros to Puig Brands. The news agency has alerted to the existence of a notification sent to the National Securities Market Commission (CNMV) in which Puig has received a favourable report from the audit and control committee.
This operation must be communicated by the company as it exceeds the amount together with two other operations that have been signed and carried out during the last 12 months. The two operations referred to by the institutional body are the granting of a loan of 100 million for Puig for a term of four years and a line of interest rate and exchange rate derivatives of ten billion euros.
In an interview with La Vanguardia, Puig's CEO confirmed that the company is considering a stock market flotation in the near future, although this has not yet been finalised, but that it is being advised by JP Morgan and Goldman Sachs.