The BVL Group announced the acquisition of a 50% stake in the company’s capitalization Port X Peru, the company aims to develop electronic platforms dedicated to the purchase, sale and negotiation of invoices and other payment vouchers, and thus facilitate the channeling of capital market resources to companies and other entities related to the factoring.
“With this acquisition we seek to expand the range of BVL Group solutions related to financing the SME ecosystem, through a technological platform that facilitates the channeling of resources from the capital market,” said Francis Stenning, general manager of the BVL Group, in a Press release.
The group highlighted that Port X It will be administered in partnership with the Chilean Product Exchange and will maintain its headquarters in Peru. In this way, the company joins the holding company to which the company belongs. Lima Stock Exchange and CAVALI ICLV, reinforcing its value proposition in the alternative financing segment.
“We are very happy with the entry of the BVL Group to the ownership of Puerto X Peru as part of our international expansion project of the OTC platforms of the Chilean Product Exchange. Puerto X Peru will allow a wide range of Peruvian financial entities originating invoices and other payment vouchers to improve their access to the capital market, increasing their financing and funding capacities for their SME clients. On the other hand, investors will now have a robust platform to scale their participation in the alternative asset market ”; said Christopher Bosler, general manager of the Commodity Exchange.
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