Home / Knowledge / News / Textiles / ATP inks deal for textile firms' listing on stock exchange
ATP inks deal for textile firms' listing on stock exchange
30
Sep '13
The Textile and Clothing Association of Portugal (ATP) has signed an agreement with the NYSE Euronext Lisbon (Portuguese Stock Exchange) with the aim of encouraging and supporting the listing of new Portuguese textile companies on the Stock Exchange.
 
According to a statement issued by NYSE Euronext, The partnership between the Stock Exchange and the ATP is part of a broader strategy to leverage the capital markets in Portugal and consequently encourage new companies to list their shares on NYSE Euronext’s markets.
 
The agreement would help ATP and NYSE Euronext to promote initiatives in textile and apparel companies in the country that are interested in a simplified access to the stock exchange in order to obtain financing, diversify shareholder structure, and placing debt securities.
 
Under the agreement, the ATP would inform its members about NYSE Euronext Lisbon’s financing options, and once the companies have been selected assuming they meet the requirements for listing on the capital markets, the NYSE would be providing guidance and support to these firms through a dedicated team of specialist consultants.
 
Paulo Vaz, director general of ATP, said capitalizing companies is one of the current priorities of the textile and apparel sector in the country, to make it more competitive in the global market.
 
Given the economic conditions in the country, it becomes increasingly difficult for companies to access bank loans, which makes these companies look for alternative financial resources, and an access to the capital market is an attractive option, he added.
 
Mr. Vaz said this agreement would allow textile and apparel companies in the country to gain access to the stock exchange and expand their businesses not just in the domestic market but also in the global market.
 
The agreement signed between ATP and NYSE Euronext Lisbon is a further step in creating an environment in Portugal that promotes the solution of business financing through an alternative option of accessing the capital market.
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X