The offer is made via Campari España, a wholly owned subsidiary of Davide Campari-Milano and is accomplished pursuant to the Jamaica Takeovers and Mergers Rules and Regulations and other applicable requirements.
Bob Kunze-Concewitz, chief executive officer, said: “With the launch of the tender offer we have made an important step towards the successful closing of the acquisition of Lascelles deMercado, which is expected to occur at the beginning of December.
“We are excited about the opportunity to acquire the iconic brands of the Lascelles deMercado Group and a strong distribution organisation for spirits and general merchandise, which we both see as strategic assets that we intend to develop further.”
The company hopes the acquisition of Lascelles is a significant step in the development of Gruppo Campari into a leading international spirits player. It positions Gruppo Campari to exploit key global consumption trends, further boosts its internationalisation, significantly growing the business outside of Italy, and strengthens its largest business, the spirits segment, the company said.
Source: Gruppo Campari
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