Societe Generale Equipment Finance Brazil (SGEF) and German bank KfW IPEX-Bank have signed a €30m loan agreement to support German manufacturers in Brazil.

The four-year loan from KfW to SGEF Brazil is to help the French-owned leasing subsidiary to fund the acquisition and leasing of European, and in particular German, manufactured equipment by Brazilian firms.

SGEF said the deal was part of its general strategy to develop diversified sources of funding.

KfW IPEX-Bank is a subsidiary of KfW, a German government-owned development bank with a legal mandate to provide finance to boost the German and European economies.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.