Mediobanca supports Ferrero in the fight for Cadbury

By: trademagazin Date: 2010. 01. 12. 00:01

According to Italian newspaper Il Messaggero; The Mediobanca commercial bank will organise a 4.5 billion USD loan for Ferrero, in order that the Italian chocolate manufacturer can make an offer for Cadbury.

The deadline of the counter-offer is 2nd of February. Until the  last week 1.52 percent of the Cadbury shareholders accepted the offer of Kraft Foods for Cadbury, but the situation may change, because at the end of last week the stock price of Cadbury shares dropped below Kraft Foods' offer – reports

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