They will inject 30 million Euros into film projects, led by Alicia Carracedo, to support the national cultural industry.
Since its establishment in the Spanish capital, this spring, the english Investment Company, VERUM INVESTMENTS INC., has been analyzing what would be its first major operation in Spain and among the dozen projects and investment requests received, they have already chosen for injecting no less than 30 million Euros, over the next 3 years, to support the Spanish film industry, which since the declaration of a health emergency due to the Covid-19 pandemic has seen many of its projects stopped and how they were emptied the projection rooms.
Thus, in the hands of the great passionate about cinema and recognized professional of aesthetics and personal image Ms. Alicia Carracedo, and the Cinematographic Director Mr. Manuel Moreno, VERUM has decided to contribute decisively to the development of films and series of great relevance in Spain, given its experience, among others, in numerous cinematographic works and video clips.
As reported by the Business Development Director of the english investment group, Mr. Javier Prada, “due to the complexity of obtaining classic bank financing, even more so in these times of crisis, new projects are increasingly difficult to start up. For this reason, what VERUM offers is prosperity, and we have a business model through which we earn money helping others, through investments in projects of authentic entrepreneurs, such as Ms. Alicia Carracedo who, through a small contribution for hiring an international bank guarantee, she will be able to make her projects come true, and it will allow us to support a Spanish film industry that, despite its contribution to culture in Spain, is not at its best time ”.
VERUM INVESTMENTS INC.
VERUM INVESTMENTS INC. (www.verumhk.com), is one of the most important investment groups in the world that, with its more than 12,000 million Euros in cash, including its own funds and those of direct collaborators, even intervenes in the contribution of large sums of liquidity to certain governments in institutions of public administrations, in coordination with the FED (American Federal Reserve) and other monetary authorities.
The company landed in Spain in the spring of this year 2020 to invest in different large national projects, and manage its operations in Europe and America from our country, where its main points of interest are communications (airlines and telecommunications), research, robotics and security among others.
Thus, Javier Prada has indicated that, “although our name already reveals our intention to be different because we really want to help, investing in people who deserve it, due to potential and capacity we know that sooner rather than later, we also want to choose to invest in operations of large national groups such as Air Europa, Abengoa, ACS, Ferrovial or Iberdrola, to cite some good examples ”.
From its address in Spain, at Torre Europa Building in Madrid, the most technologically avant-garde in Spain, VERUM also wants to have access to all of America market, due to the important Spanish-speaking ties, and because its operations consist of investing and participating with the client, without taking control of his business, that is, without financing or lending money in the classical style, because VERUM operates with international banking instruments instead of mortgaging clients’ assets.