AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
Financial assistance in foreign market
The bond worth 60 million EUR will be used to finance Granolo's foreign expansion to new markets. Granolo's Chairman was quoted in an official press release saying "North America and Asia are the principal outlet markets, where we are planning the parallel launch of a vast basket of “Made in Italy” and innovative products to meet the specific requirement of those markets".
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