UPDATE 1-Pasta maker Barilla has 700 mln euro loan for acquisitions

viernes 5 de septiembre de 2014 12:33 GYT
 

* Barilla secures 5-year, 700 mln euros bank loan

* Pasta maker earmarks most of loan for acquisitions - CFO

* Barilla evaluating targets in Latin America, Britain - CFO (Recasts to add quotes from Barilla's CFO, background)

By Francesca Landini

MILAN, Sept 5 (Reuters) - Barilla, the world's biggest pasta maker, has secured a 700 million euro ($907 million) loan and is looking at acquisition targets in Latin America and in some European countries.

The Italian group, which is also well-known for pasta sauces and bakery products, said in a statement on Friday the loan replaced credit lines that were expiring.

The bulk of the fresh credit line has been earmarked for acquiring new companies overseas, its chief financial officer Giangaddo Prati told Reuters in an interview.

"We have some options open, we are evaluating targets both in Latin America and in Europe," Prati said. He said the company was looking at possible deals in the pasta and bakery sectors in Latin America and was keen on expanding in European countries such us Britain.

"An announcement could be made in the next few months."   Continuación...