MILAN Oct 10 Italy's drink group Campari
is considering issuing a bond for up to 500 million
euros ($645 million) to fund the acquisition of Jamaican rum
maker Lascelles deMercado & Co..
"We are considering the opportunity to issue medium-long
term debt, in line with our past experience, to fund the
acquisition of Lascelles deMercado, as announced on Sept. 3," a
spokeswoman said in an email to Reuters.
The bond would be non-convertible, she said.
The Italian spirit maker, also owner of Glen Grant whisky,
is buying the Jamaican rum maker from ailing Caribbean
state-owned conglomerate CL Financial for $414.8 million.
The deal is Campari's third-biggest acquisition behind Skyy
vodka and Wild Turkey bourbon.
MF newspaper reported on Wednesday that the bond could be
placed to institutional investors by between the end of October
and early November.
In 2009, Campari issued a 7-year unrated bond for 350
($1 = 0.7754 euros)
(Reporting by Antonella Ciancio)