Autogrill highlights ambition with €1bn loan fund, reports

12-Feb-2008

The ambitious Italian conglomerate is seeking additional funding to finance acquisition bids, says Italian daily Il Sole 24 Ore

Italian conglomerate Autogrill is in negotiations with banks over a €1bn ($1.45bn) loan to finance acquisitions, according to Italian daily newspaper Il Sole 24 Ore. The company—owner of HMS Host, Alpha Airports Group and 50% of Aldeasa—is reported to be in talks with the Royal Bank of Scotland, BNP Paribas, Intesa Sanpaolo and UniCredit.
 
Autogrill is reliably understood to be interested in acquiring the 50% of Aldeasa it does not own and World Duty Free, either directly or through its existing stake in Aldeasa.
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(16-Jul-2007) - The Italian group will aim for full control of the Spanish travel retailer if its fellow 50% stakeholder Altadis is acquired, according to Spanish press reports
(19-Apr-2005) - Former Spanish commerce and tourism minister to head company after Autogrill/Aldeasa acquisition
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(28-Jan-2005) - The Italian firm has trumped Dufry Group's offer for the Spanish retailer in a bid tabled after discussions with Aldeasa stakeholder Altadis
(24-Apr-2008) - The Italian owner of World Duty Free, Alpha Airports Group and Aldeasa has said the next three years will be focused on reorganising the company after its acquisition drive