Zed takes $143.8 million loan for mergers and acquisitions (Spain)Zed, Madrid based mobile entertainment and networking company, has taken a loan of €92.5 million ($143.8 million) for fund mergers and acquisitions. The loan comes in from four Spanish banks and one Dutch - Banesto (€25 million), BBVA (€20 million), Banco de Sabadell (€15 million), Caja Madrid (€7.5M million) and ING (€25 million).
EO Javier Pérez Dolset: “The main objective of this loan is to finance the expansion plans of the company and give a significant boost to our mergers and acquisition policy. The granting of this credit confirms that the market continues to support Zed’s growth policy.”
