Banks agree syndicated loan to 'strengthen main business lines'.
Zed has been re-engineering its business over the last two years, balancing D2C activity in emerging markets with B2O and B2B business and even moves into TV and film production.
Now banks including Banesto, ING, BBVA, Banco de Sabadell and Caja Madrid plus the Official Credit Institute have released funds to push ahead with further expansion.
Óscar Aguado, Zed`s Chief Financial Officer, said: "The fundamental goal of this extension is to support the development of the company's strategic plan, with particular focus on social networking products and a huge boost on high potential markets in which we already operate."
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