Cofides finances Grupo Promael's entry into Cuba
Cofides financia la entrada del Grupo Promael en Cuba
Intel ID : 238774
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Cofides, a Spain-based state-owned mercantile company, financed the entry into Cuba of Spain-based Grupo Promael, an electrical material distributor specializing in telecommunications, announced Cofides on 18 July 2016. Cofides provided a co-investment loan of EUR 0.25m, covered by the fund for foreign investment operations of small and medium enterprises (FONPYME). With it, the company will finance the expenses and stock for the setup of a branch in the island. Along with the contribution from the developer, the total investment in the project is EUR 0.5m.
(content in spanish)
Cofides, sociedad mercantil estatal española, ha financiando el desembarco a Cuba del español Grupo Promael, dedicado a la distribución de material eléctrico especializado en telecomunicaciones, según ha reportado Cofides el 18 de julio de 2016. Cofides ha concedido un préstamo de coinversión, de EUR 0,25m, con cargo al Fondo de Operaciones de Inversión en el Exterior de la Pequeña y Mediana Empresa (FONPYME), y con ella la empresa financiará los gastos y el stock para la puesta en marcha de una sucursal en el país. Junto con la aportación del promotor, la inversión total del proyecto asciende a EUR 0,5m. |
Relevant Documents
| Press Release | 18 Jul 2016 | Cofides_Nota_de_Prensa_2016.pdf | ES |
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| Intel ID | 238774 | ||||
| Value | EUR 0,25m | ||||
| Native Currency | Euro (EUR) | ||||
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60.02.01 Integrated Communication Services 60 Telecommunications / 60.02 Telecommunications & Networking Services |
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25.01.04 Consumer Finance 25 Financial Services / 25.01 Banking & Investment |
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Legend:
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Potential: Unconfirmed as a party to an active or possible transaction.
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Transactional data is continuously updated by the research team and therefore is subject to change.