CGA, the French factoring subsidiary of Société Générale (SG), said that it has finalised a deal to provide factoring services to Air France.
“Through close dialogue and cooperation, CGA was able to tailor its services to suit Air France’s needs, offering non-recourse factoring up to an agreed amount of €250m,” it added in a statement.
CGA described the operation as a new step in the close relationship between SG and Air France and showed the will of SG to support its clients and their needs by offering tailor-made solutions and innovative services.
CGA provides factoring services to around 4,600 clients in France and elsewhere in Europe.
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