The gastronomic company Products de France SAS will be the second to seek capital through the platform crowdfunding Crowder with the issuance of negotiable obligations (ON) in indexed units (UI) equivalent to 763,900 dollars.
The business name behind the boulangerie and cafeteria Saint Germain and the Italian pizzeria and pasta factory Piazza Italia It is the second company that will seek financing through Crowder, as announced by the same platform in its official account LinkedIn: “We are excited to announce that next week a reissue on our crowdfunding platform,” they expressed.
“It is a company that fuses tradition and international flavor with a special touch, conquering palates with its unique and high-quality products,” added the publication of the platform that is dedicated to crowdfunding, a modality that consists of allowing small investors bet on all types of projects in an open and collaborative way.
In parallel, the Central Bank of Uruguay (BCU) —which in January approved this first collective financing platform created by four Uruguayan entrepreneurs— registered Produits de France SAS, a company founded in 2019, in the Stock Market Registry as a Public Offer Issuer that acts within the scope of a Public Offering Platform. Collective Financing.
What will the second broadcast on Crowder be like?
Produits de France SAS will issue negotiable obligations for up to 5,240,000 Indexed Units (UI)which is equivalent to about 31,997,538 pesos or 763,900 dollars, according to the current price. Additionally, you will pay a annual interest 8% above inflation.
On the other hand, the issue expires on April 30, 2029, and will have partial amortizations starting six months from the date of issue, according to the details of the prospectus.
Meanwhile, the minimum investment is 1,000 IU; That is, negotiable obligations can be acquired from 6,106 pesos, a value accessible to all types of investors and a fundamental characteristic of this collective financing model of which Crowder It is the only exponent in the country—whose first broadcast was by the remote concierge and building security services company. Foxsys, for 1 million dollars, and in which 348 small investors participated.
Produits de France SAS seeks to raise capital to invest in more and better equipment that will increase production capacity, make processes more efficient and improve the company’s profitability in its two firms, Saint Germain and Piazza Italia. In addition, it will hire an international consultant in Baking and Pastry; and will open three new stores, with the aim of closing by 2024 with eight points of sale for its products.
Source: Ambito
