Home » Business » The State supports Fnac-Darty The State supports Fnac-Darty April 19, 2020 by world today news INFO LE FIGARO – The distributor benefits from the public guarantee on a bank loan of 500 million euros. A first for a large group. –Enrique Martinez, CEO of Fnac-Darty. AFP Since mid-March, Fnac-Darty has had to lower the curtain on all its stores. In France, in Belgium, in Spain, the distributor found himself overnight closed door and with, therefore, a big potential problem of cash before him. Suffice to say that the distributor was an ideal “client” for the public guarantee scheme for bank loans set up in the amending finance law of 23 March. “We were the pioneers”, explains to Le Figaro Enrique Martinez, the group’s general manager. Fnac-Darty indeed concluded on Saturday April 19 the first “State guaranteed loan” (PGE) in the heavyweight category, those of companies with more than 5 billion euros in turnover. “This shows our agility,” says the boss of the group. The “pool” of banks coordinated by Crédit Agricole – Arkéa, BNP Paribas, Bred, CIC, Crédit Agricole CIB, La Banque Postale, LCL, Natixis CIB and Société Générale – therefore grants a credit of 500 million This article is for subscribers only. You have 72% left at discover. Subscribe: € 1 the first month cancellable at any time —– . Related posts:Thus, the fortunes of 6 billionaires were affected by the Corona pandemicWho is Pandu Syahir? Luhut's niece who serves as Commissioner of the Stock ExchangeThe soldier decides to donate his organs after his death and saves a lifeJaguar Land Rover crisis, no agreement with the government - Auto WorldShare this:FacebookX Related Mobilizations that defy confinement by COVID-19 grow Riot Games raises bug bounties for kernel-level anti-chat software – Gaming – News Leave a Comment Cancel replyCommentName Email Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.