BOLERO.NET PLANS TO RAISE EQUITY
Bolero.net, the electronic trade transactions communications firm, is planning to raise equity to accelerate its business plan.
Bolero.net has appointed the investment bank UBS Warburg to advise on a private placement of shares aimed at venture capitalists.
The company said that it plans to become “a key infrastructure provider for business-to-business e-commerce and facilitator of global trade flows.”
Bolero.net is a London-based joint venture of the Through Transport Club and the Society for Worldwide Interbank Financial Telecommunication.
The company now has 30 major corporations signed up as users. The users of Bolero.net include ABN Amro, HSBC, Bank Tokyo Mitsubishi, Sumitomo, Fuji Bank, Nissho Iwai, Hitachi, Marubeni, Evergreen, “K” Line and China Ocean Shipping Co. The company said that it cannot disclose the names of its other major users.