Baker & McKenzie advises CRX on Supply Chain Finance Program for Vattenfall
Munich, March 22, 2016 – Baker & McKenzie advised CRX Markets AG, Munich, on the structuring and implementation of a supply chain finance program for the Vattenfall group. The program was launched in close cooperation between CRX Markets AG and Helaba Landesbank Hessen-Thüringen.
The program comprises the German business of the Vattenfall group and extends to 20 subsidiaries of the group. The program enables suppliers to sell their accounts receivable from the Vattenfall subsidiaries concerned at favorable conditions before maturity.