This news article was originally written in Spanish. It has been automatically translated for your convenience. Reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace a human translator. The original article in Spanish can be viewed at BigMat firma un acuerdo con Cesce para garantizar liquidez a sus socios
BigMat signs an agreement with Cesce to ensure liquidity to its partners
19/05/2010
May 19, 2010
BigMat, the largest stores of professional materials for the construction in Spain, has signed an agreement with the insurer of Cesce credit to ensure current partners. Under this Convention the 151 associated wholesalers of BigMat (which counted with 261 points of sale) may have an endorsement of Cesce to banking, up to 80% of the turnover of each of the stores, so that they open avenues of funding. A further step, in a year that will have extreme precautions to keep the exposure of the different stores to the late payment of private clients and the administration.
