The agreement includes a relevant increase of financing facilities, a simpler banks structure with a reduction of 30% of banks as well as a 40% cost saving.
The agreement involves the main Spanish institutions as Bankinter, Banco de Santander, Caixabank, BBVA, Banco Popular and Bankia. They are supporting Premo Group evolution, with a organic sales growth over 20% for the third consecutive year. At the same time Premo has generated cash to finance its working capital by keeping the level of Net Finance Debt.
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