The Farvima Group diversifies its financial sources with Guber Banca to support logistical efficiency and distribution innovation.
The operation strengthens the diversification of the financial sources of one of the main Italian groups in the intermediate distribution of medicines, with 12,000 pharmacies served and a turnover of approx 1 billion euros.
Guber Bank he granted to Farvima Medicinali Group a non-recourse factoring ceiling from 7 million euroswhich will be divided among the Group’s distribution companies. The operation is part of the process of diversification of financing sources and optimization of working capital launched by the Group, in support of a development plan that focuses on logistical efficiency, quality of service to pharmacies and innovation.
Management of flows and control of the national market
Founded in 1963 and headquartered in Casandrinothe Farvima Medicinali Group is among the main Italian operators in the intermediate distribution of medicines, with a share of approximately 7.2% of the national market.
«Pharmaceutical distribution requires financial instruments capable of accompanying operational volumes and collection flows distributed across a wide network of customers», he declares Francesco Barelli TerrizziHead of Corporate Banking at Guber Banca. «With this operation we support Farvima in the management of working capital and consolidate Guber’s experience as a specialized banking partner for companies in the sector».
Resources dedicated to the intermediate supply chain
The operation strengthens Guber Banca’s role as a financial partner in the pharmaceutical distribution chain.
