Great Wall Builders Ltd. (GWBU) Receives Confirmation of EURO 40Mln Bank Guarantee from BNL Gruppo BNP Paribas
Great Wall Builders, operating as "Start Technologies Europe s.r.o.", today announced it received confirmation of a EURO 40 million bank guarantee from Banca Nazionale del Lavoro SPA - Gruppo BNP Paribas (BNL) as part of the company’s international distribution Coopsette Soc Coop contract, which Start signed last month for its Start Fuel Efficiency and Emission Device (FEED) units. The contract calls for a minimum purchase of EURO 120 million of the company’s Start FEED units in the first three years, with units delivered quarterly. Start Technologies Europe, a wholly owned subsidiary of GWBU, will manufacture the units. "The BNL Bank…