Campari’s acquisition will be made through a formal tender offer to the LdM board and public shareholders to acquire all outstanding ordinary and preference shares pursuant to the Jamaican Takeover Code and applicable requirements.
This transaction aims to further boost Campari’s internationalisation, significantly growing the business outside of Italy, whilst strengthening its largest and most profitable business, the Spirits segment.
The total purchase price for 100% of LdM’s share capital is approximately €30m at current exchange rate on a cash free/debt free basis.
Source: Campari
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