Spain’s largest processed meat producer Campofrio Alimentacion said it is looking at different options to refinance its debt.
Go deeper with GlobalData
The company’s debt totalled EUR460m (US$684.5m) at the end of June and is due in 2013.
A spokesperson for Campofrio told just-food that the company would consider a bond issue or new bank loans.
“We are thinking about refinancing. We are looking at every single option but for now there is no need to rush as we have until 2013. We are not in a hurry, we just want to see if we can get better options than what we have now,” the spokesperson said.
In the last year, Campofrio merged with the European subsidiary of US food company Smithfield Foods.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe new company, to be known as Campofrio Food Group, will be listed on the Madrid and Barcelona stock exchanges.
