Prysmian has $1.5bln for growth,eyes Russia-report

MILAN, Sept 27 (Reuters) - Italian cable maker Prysmian (PRY.MI) has 1 billion euros ($1.5 billion) in liquidity to fund growth and is eying acquisitions in high-growth areas such as Russia, the company's chief executive told Sunday's Il Sole 24 Ore.

"This is a good moment to make acquisitions and we can do so without indebting ourselves," Valerio Battista said in an interview with the newspaper.

Battista said the group was in the early stages of assessing potential deals. "We think we can close some deals before the end of the year or at the latest in the first few months of 2010," he said.

Battista said he was looking at high-growth countries, "Russia in particular but also India and China".

Earlier in September Prysmian called off talks to take over Dutch peer Draka Holding NV DRAK.AS when the sides were unable to reach agreement on main terms and conditions.

Asked about full-year results, Battista said the company was aiming for adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of around 400 million euros. (Reporting by Stephen Jewkes; Editing by David Holmes) ($1=.6810 Euro)