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Photo : MAURIZIO BAZZO.

INTERVIEW : MAURIZIO BAZZO, FOUNDER AND CHAIRMAN OF THE BOARD OF DIRECTORS OF INGLASS, ITALY

Can you describe the activity of INglass?

INglass s.p.a. is a globalised company that designs and manufactures molds for car lighting, heating-pipe systems, and all industries needing plastic-injection molding. I founded the group in 1987 in Italy and today, with its global structure, it’s able to support customers with branches and a sales force on every continent and with a 24/7 technical service. The factories based in Italy and in China, and from 2015 also in Michigan, allow the company to achieve best lead times and to customise its product in a targeted way.

Why did you decide to emit a mini-bond?

Thanks to the skills achieved in the market, the company invested many resources in the research of technical innovations in order to optimise costs, the injection process and the quality of the final part. In 2014 INglass announced the acquisition of ERMO, a French company, specialised in the production of high-precision, multi-component injection molds. This challenging decision led the company to launch the mini-bonds, which were instrumental for the development of the group. INglass made an in-depth assessment and then decided to use the mini-bond tool both for finalising the acquisition of ERMO and for diversifying financial sources.

What did you think of your collaboration with BNL on this project?

BNL was essential in organising and managing the transaction. It demonstrated expertise and gave us support. BNL was hugely proactive and fast–we were looking for a partner able to support us and to follow our fast-reaction–time characteristic. BNL has made us more professional, not only as a regular bank but also as an experienced group with specialised and diversified departments.

MORE ABOUT… MINI BONDS

In Italy, BNL provides support to SMEs such as INglass through innovative products such as “mini-bonds”, that enable them to diversify their sources of financing.

BELGIUM

1.6 BILLION EUROS FOR 163 SCHOOLS

BNP PARIBAS FORTIS AND AG REAL ESTATE HAVE IMPLEMENTED BELGIUM’S BIGGEST PUBLIC - PRIVATE PARTNERSHIP TO BUILD SCHOOLS.

THE FIRST SCHOOL OPENED IN 2014 AND 162 OTHERS WILL FOLLOW BY 2018.

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LOANS: SME OFFENSIVE

9.8 BILLION EUROS in new loans were granted in 2014 to French SMEs from the overall budget of 10 BILLION EUROS made available to them by the Group; four billion euros are dedicated to cash-flow solutions. 1,300 new SMEs have received support from the Group’s experts, enabling them to take their first international steps.