COFIDES has joined the bond programme launched by the technology company, ARQUIMEA, on the Alternative-Fixed Income Market (MARF).

With a view to strengthening ARQUIMEA's internationalisation plans, COFIDES will provide 5 million Euros through FIEX. This is ARQUIMEA's first issue on the MARF, for an amount of 25 million Euros within a 100 million Euro programme. With this bond programme, the company seeks to undertake a growth process based mainly on acquiring foreign companies in the aerospace industry.

COFIDES Chairman, José Luis Curbelo, said that “promoting the growth of technology-based companies is key in this context of economic recovery, as the innovation capacity of Spanish companies is of the utmost importance to overcome this situation”.

In the words of Diego Fernandez, ARQUIMEA Chairman, “we are extremely grateful to COFIDES for its support by for joining our bond programme. At ARQUIMEA, we believe in technology as a driver of development and the well-being of society. We strive to continue growing with a view to innovating and providing solutions to the challenges of today and tomorrow”.

CONTRIBUTION TO THE SDGs

This project primarily contributes to achieving Sustainable Development Goal 8, ''Decent Work and Economic Growth'', as it will facilitate the company's foreign growth and consolidation, which has a total of 500 employees of which 200 are engineers.

ABOUT ARQUIMEA

ARQUIMEA is a global company specialising in developing technology-based businesses in a wide range of industries. Since it was founded in 2005, it has diversified and is present in industries such as aerospace, general industry, health and biotechnology, security and critical infrastructures. Its growth is based on generating its own technologies as well as integrating other companies that share the same objectives and vision. Furthermore, it is one of the leaders in technological sponsorship in Spain. In the last 5 years alone, it has contributed to driving more than 150 projects and mobilised a volume of more than 320 million Euros in R&D&i.

ABOUT COFIDES

COFIDES, a state-owned company engaging in the management of State and third-party as well as its own funds, pursues a number of aims: internationalisation of Spain’s economy, furtherance of economic development and fortification of the solvency of companies affected by COVID-19. In addition to the Spanish State, its shareholders include Banco Santander, Banco Bilbao Vizcaya Argentaria (BBVA), Banco Sabadell and Development Bank of Latin America (CAF).

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