Intercos Gets 350 Million Euros Financing

31/01/2020 cosmetics industry, Italy

MILAN — Amid insistent rumors of an initial public offering presumably set for this year, leading Italian cosmetics supplier Intercos Group has signed a financing agreement of 350 million euros with a pool of banks, including Banca IMI, Banca Nazionale del Lavoro, BNP Paribas, Crédit Agricole Corporate and Investment Bank, Crédit Agricole Italia, Intesa Sanpaolo and Unicredit.

The loan will serve to cover a bond of 120 million euros issued in 2015, among other corporate purposes.

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