Financial rescue for GRIMOLDI

In the middle of last year, devaluation and lower consumption led GRIMOLDI to a crisis preventive procedure, dismissal of workers and cessation of activities in commercial stores. Debt dollarized by imports was impacted by devaluation; while overstocking was the consequence of the decline in products commercialization.

However, the firm got that a set of banks to grant a loan with a cap of $ 235 million, which would be used to replace "financial liabilities" and as "working capital", as reported from IProfesional.