EUR 72.5M loan to support Panealba’s investments

Intesa Sanpaolo, IMI Corporate & Investment Banking Division, in the role of Bookrunner and Mandated Lead Arranger (MLA), Banca di Asti and Banco BPM (MLA), have undersigned a EUR 72.5M loan aimed at supporting Panealba’s new investment opportunities and liquidity.

The loan will mainly allow to:

• expand the production plant in Cherasco
• support the company’s development projects, also in view of possible new acquisitions
• reschedule existing indebtdness

In 2020, Panealba participated in the programme Imprese Vincenti - category "Person system and Food" - and also joined the third ELITE Lounge of Intesa Sanpaolo composed of companies belonging to different industrial sectors of excellence in the Italian economy.

Read the press release (italian only).