Gerard Groener (CEO di Corio) commenta: “After a disastrous year in the financial markets in 2008, 2009 was the year of the aftermath. Amid widespread corporate restructuring, Corio maintained a firm course and showed great resilience throughout the year. A major focus for us, as with all companies, was our balance sheet and the need to secure our own longer term funding at sustainable rates. Even for highly respected companies like Corio this was a challenge as the availability of funding in the market shrank to near zero and any financing that could be obtained came at a high price. Funding growth and securing redemption schemes took up a good deal of management time. We were nevertheless able to keep an eye open for promising acquisitions and struck twice in 2009, in midyear buying a prime property in central Madrid and later in the year making the decision to aim to enter the German market”.
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