(Alliance News) - AATech Spa said on Tuesday that its subsidiary AATech Credit Service has been selected by SACE among the qualified operators that will contribute to the development of Piattaforma Italia, an innovative program designed to help match private capital with the financing needs of Italian companies.
As part of the initiative, AATech Credit Service is listed among the entities selected for the role of sub-servicer, "making its expertise available in managing technology platforms and operational processes in support of the companies involved," AATech said.
"SACE in fact lists AATech Credit Service among the operators under the Sub-Servicer profile of Piattaforma Italia's operating ecosystem."
"Participation in the initiative strengthens the AATech group's contribution to the development of dedicated technological and operational solutions for financial processes and to supporting Italy's productive system".
AATech shares closed Tuesday down 1.0% at €1.04 per share.
By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter
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