Regulatory Filings • Dec 9, 2014
Regulatory Filings
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Corporate | 9 December 2014 14:35
DF Deutsche Forfait AG: New business demonstrates promising market potential
DF Deutsche Forfait AG / Key word(s): Miscellaneous
09.12.2014 / 14:35
DF Deutsche Forfait AG: New business demonstrates promising market potential
– Numerous inquiries from existing and new business partners
– Recent transactions include: Player transfer by a top European football club, export to West Africa, purchase commitment for German SME
Cologne, 9 December 2014 – The international sales units of DF Deutsche Forfait AG (Prime Standard, ISIN: DE0005488795) have received numerous new business inquiries from the company’s partner network as well as from new business partners. The strong rise in demand is the result of increased sales activities launched as part of a 100-day programme following the removal of the company’s name from the sanctions list of the US Office of Foreign Assets Control (OFAC) in mid-October.
Only recently the company financed a EUR 3 million tranche with a maturity of just under 12 months for a player transfer between two top European football clubs; the buyer’s payment obligation is secured by a guarantee issued by a renowned European financial institution. Another transaction was realised in the promising West African market where DF Group purchased part of a supply transaction with a volume in the single-digit USD million range between a US IT company (exporter) and an African banking group (importer). Interested investors for placement have already been identified in the UK. The most recent transaction is a non-cash purchase commitment for a receivable held by a German mid-sized company against a Bangladeshi importer in the lower single-digit USD million range secured by a deferred payment Letter of Credit.
“The increased number of new business inquiries received in recent weeks demonstrates that our market continues to offer great potential and that our DF Deutsche Forfait brand reputation as well as our network of business partners remain intact. In selecting new transactions, we currently prefer to underwrite short-term, low-risk or already pre-sold transactions in order to strengthen our cash base in the rebuilding phase. Going forward, we will focus on expanding our financial capabilities for larger business volumes through the upcoming capital-building measures,” says Marina Attawar.
Selected growth markets, particularly in Africa, currently offer significant opportunities for the DF Group, which can draw on many years of experience as a foreign trade financier in this region. In the past year alone, DF Group’s business volume with African trading partners more than doubled from EUR 33 million to EUR 71 million.
About DF Group
The main business activities of DF Group are the purchase and sale of selected export receivables in emerging markets on a non-recourse basis. The objective is to sell the acquired receivables at the same time or in the short term. Forfaiting is an increasingly important tool in export financing, with volumes rising in line with the continuing advance of globalization. Creating tradable products from receivables benefits both exporters and buyers. As well as transferring risk to the buyer, the main benefit of forfaiting for exporters is the inflow of cash. This relieves the exporters’ credit lines and improves their balance sheet structure. DF Deutsche Forfait AG structures receivables attractively, so that investors seek them as a type of investment.
DF Deutsche Forfait AG
Christoph Charpentier
Kattenbug 18 – 24
50667 Cologne
T +49 221 97376-37
F +49 221 97376-60
http://www.dfag.de
09.12.2014 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
| Language: | English |
| Company: | DF Deutsche Forfait AG |
| Kattenbug 18-24 | |
| 50667 Köln | |
| Germany | |
| Phone: | +49 (0)221 – 973 76 0 |
| Fax: | +49 (0)221 – 973 76 76 |
| E-mail: | [email protected] |
| Internet: | www.dfag.de |
| ISIN: | DE0005488795, DE000A1R1CC4, |
| WKN: | 548879, A1R1CC |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart |
| End of News | DGAP News-Service |
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| 303823 09.12.2014 |
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