Following the acquisition of receivables vis-à-vis Cuki, Lediberg, Magicland, Manucor, Burgo and Premuda for a total nominal value in excess of Euro 680 million, Pillarstone completed the acquisition of a further portfolio of receivables vis-à-vis Sirti S.p.A., an Italian company operating in the telecommunications sector.
For this transaction as well, Pillarstone’s team made use of, among other things, the tools made available by the Italian law no. 130 of 1999, implementing a complex securitization program aimed at the acquisition of receivables for a total nominal value in excess of Euro 285 million.