Unicredit grants a limit of 9 million euros to Unique, a company born from the merger of the distribution branch of several Italian pharmacist cooperatives. The operation consists of a reverse factoring contract and aims to support pharmaceutical distribution in cash management.
“Thanks to the use of the U-Factor reverse factoring platform – reads the note – Unico will be able to support associated pharmacists, helping them to better face the current situation". Debt management through reverse factoring will in fact allow "to use financial resources in the management of one's business, creating a virtuous circle of liquidity, with positive effects on the entire supply chain".
Andrea Casini, co-CEO Commercial Banking Italy of Unicredit, defines the collaboration with a reality like Unico as “important, with which we have further strengthened an integrated financial solution that brings immediate advantages for the entire supply chain of its numerous suppliers. A supply chain that has proved to be indispensable in this period and still represents a solid reality. In general, they are companies that represent another important sector of Italy that produces”.
For Simone del Guerra, CEO of UniCredit Factoring, "collaborating, thanks to one of our Supply Chain Finance solutions, with a large Italian company like Unico, which operates in the healthcare distribution chain, is an important confirmation of how this is the right direction to respond to the needs of businesses and alleviate the financial strain of their suppliers by contributing to the maintenance of essential sectors and the recovery of the real economy”.
Finally, Stefano Novaresi, general manager of Unico, underlined how “the management of the company's core business requires financial support instruments: what is offered by this U-FACTOR reverse factoring represents a concrete help. Our uninterrupted commitment to distributing health care every day to over 7500 pharmacies in our country certainly has an important social implication made even more evident in this particular period and I trust in a lasting partnership relationship with Unicredit".
