ANNOUNCEMENT 01 Dec 2014
The Brazilian government-funded Company of Innovation and Research (FINEP) approved a BRL 231 million loan to B2W - Companhia Digital.
NUMBER OF INTERVENTIONS
B2W Digital Company. B2W Companhia Digital. Financial statements at 31 December 2014. Available at: http://economia.estadao.com.br/fatos-relevantes/pdf/15299698.pdf
On 31 December 2014, the Brazilian B2W - Companhia Digital announced that it had received BRL 231 million (circa USD 87 million) loan from the government-funded Company of Innovation and Research (FINEP). The objective of these resources is to finance R&D programs.
According to the company's financial statements, the credit provided by FINEP enjoy an interest rate of 4% a.a.
The interest rates set on the credit lines are composed of the long-term interest rate (TJLP) plus a supplement ranging between 1.5% and 7%, depending on the credit line and the repayment period.