IMAP is pleased to announce that Fitch Ratings has assigned the Autonomous Region of the Azores (RAA), a Long-Term Local-Currency Issuer Default Rating (IDR) of ‘BBB-’ with Stable Outlook and Short-Term IDR of ‘F3’.
The rating has resulted in RAA returning to investment-grade status, one notch below the Portuguese Republic (BBB), which reflects a positive comparison with international peers.
RAA is one of the 2 autonomous regions of Portugal (along with Madeira) and an archipelago, comprised of 9 small islands that are located 1,500 km from Portugal.
Banco Invest, S.A. (Invest Corporate Finance – IMAP Portugal) acted as rating advisor to the RAA.
The advisory services provided included: coordination of workflow with the rating agency, compiling the information pack required to produce the Rating Book that served as the basis for the rating agency decision, supporting RAA during meetings with the rating agency, successfully promoting RAA’s creditworthiness, developing an optimal positioning strategy and providing all necessary execution support.
I.A. Hedin Bil, through the subsidiary Hedin Belgien Bil AB, has acquired Rudi Vertommen NV. The deal includes a Mercedes-Benz new and used passenger cars and vans dealership, marketed under the brand Vertommen.
The business operations of Bullyland GmbH were sold to the newly founded Bullyworld GmbH, owned by the Eberl family business, as part of the insolvency proceedings.
IMAP is pleased to announce the release of the IMAP Dealbook 2018-2019. This annual IMAP publication showcases IMAP's collective transaction track record across a breadth of sectors and geographies.
