Current news from Euler Hermes subsidiaries
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In order to support oustanding credit among companies, French state decided to cooperate with credit insurers. Credit Insurance Additional Public Guarantee (Complément d'Assurance Crédit Public - CAP) is expected to insure outstanding credit among companies worth €5 bn in fragile sectors.
Euler Hermes SFAC mobilized its entire staff to reach this objective. First CAP contracts have been signed with four of its largest clients - Lafarge, Richardson, Saint-Gobain Vitrage, Vicat - in Marseille, France on December 12th in the presence of Christine Lagarde.
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