Key Developments: Davide Campari Milano SpA (CPRI.MI)

CPRI.MI on Milan Stock Exchange

7.28EUR
24 Apr 2015
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Latest Key Developments (Source: Significant Developments)

Davide Campari Milano SpA proposes FY 2014 dividend
Tuesday, 10 Mar 2015 06:22am EDT 

Davide Campari Milano SpA:To pay FY 2014 dividend of 0.08 euros per share on 2014 results.  Full Article

Davide Campari Milano SpA sells Agri-Chemicals Division in Jamaica
Tuesday, 23 Dec 2014 10:37am EST 

Davide Campari Milano SpA:Says it has signed an agreement for the sale of the Agri-Chemicals Division of J. Wray & Nephew Limited in Jamaica to Caribbean Chemicals and Agencies Limited.Says the deal consideration is $ 8.2 million.Says the closing of the deal is expected by Mar. 2015.  Full Article

Davide Campari Milano SpA announces sale of Limoncetta di Sorrento in Italy and sale of Federated Pharmaceutical division in Jamaica
Monday, 22 Dec 2014 11:33am EST 

Davide Campari Milano SpA:Says it has signed two agreements for sale of Limoncetta di Sorrento in Italy and for sale of the Federated Pharmaceutical division in Jamaica.Says the sale of Limoncetta di Sorrento in Italy consideration is 7 million euros and sale of the Federated Pharmaceutical division in Jamaica amounts to $14.4 million.Says the closing of the sale of Limoncetta di Sorrento in Italy is expected on Jan. 30, 2015 and the closing of sale of the Federated Pharmaceutical division in Jamaica is expected by Mar. 31, 2015.  Full Article

Davide Campari Milano SpA completes acquisitions of Forty Creek Distillery Ltd and Fratelli Averna SpA
Tuesday, 3 Jun 2014 06:30am EDT 

Davide Campari Milano SpA:Announces completion of the acquisition of Forty Creek Distillery Ltd., a spirits company in Canada, owner of a portfolio of Canadian whiskies.As disclosed on May 13, the final Enterprise Value, is C$198.2 million (133.7 million euros at the exchange rate at the acquisition closing date), including the price adjustment.Says it also announces the completion of the acquisition of Fratelli Averna SpA, the owner of Averna, a brand in the Italian market and known Italian bitters worldwide.As announced on April 15, the total enterprise value for 100 pct of the share capital of Averna Group is 103.75 million euros.Both deals were closed according to the terms of the acquisition agreements.  Full Article

Davide Campari Milano SpA approves FY 2013 dividend
Wednesday, 30 Apr 2014 06:25am EDT 

Davide Campari Milano SpA:The Shareholders’ meeting approved a dividend for the full year 2013 per share of 0.08 euros (increasing by +14.3 pct compared to the previous year).The cash dividend will be payable on May 22, (the detachment date of the coupon n. 11 will be May 19, pursuant to the Borsa Italiana calendar, with a record date of May 21).  Full Article

Davide Campari Milano SpA acquires 100 percent of Fratelli Averna SpA
Tuesday, 15 Apr 2014 01:49am EDT 

Davide Campari Milano SpA:Has reached an agreement to acquire 100 percent of the share capital of Fratelli Averna SpA, an independently owned business, based in Caltanissetta, Sicily, Italy.Total purchase price is 103.75 million euros.The closing date of the transaction is expected to be June 3, and the consideration will be paid in cash.  Full Article

Davide Campari Milano SpA acquires 100 percent of Forty Creek Distillery Ltd
Wednesday, 12 Mar 2014 03:10am EDT 

Davide Campari Milano SpA:Has signed an agreement to acquire 100 percent of Forty Creek Distillery Ltd, in Canada.The total purchase price is 185.6 million Canadian dollars on a cash free / debt free basis.The transaction is expected to close on June 2.The consideration will be fully paid in cash.  Full Article

Davide Campari Milano SpA to pay 0.08 euros per share FY 2013 dividend-Reuters
Tuesday, 11 Mar 2014 08:00pm EDT 

Davide Campari Milano SpA:Campari said it would pay for fiscal year 2013 a dividend of 0.08 euros per share, an increase on the 0.07 euros paid in the last two years-Reuters.  Full Article

Davide Campari Milano SpA Announces Distribution Rights and Call Option on Bulldog Gin; to Set-Up Full In-Market Distribution Company in Spain
Thursday, 14 Nov 2013 05:52am EST 

Davide Campari Milano SpA announced that it has gained the distribution rights for Bulldog Gin, an independently owned brand in the gin segment. Bulldog Gin is to date available in over 25 countries, particularly in Europe. According to the agreement, starting in 2014 until 2020, Gruppo Campari will distribute Bulldog Gin worldwide in the duty-free channel and in many of the markets where Campari has its own marketing and sales organizations, including the U.S.. In all the other markets, Bulldog Gin will continue to be distributed by the brand's owner. Moreover, the agreement grants Gruppo Campari a call option to acquire the Bulldog Gin company assets, including the brand, inventory, production and distribution contracts. The option will be exercisable as of 2020 based on Bulldog's achievement of targets during 2019 which are already agreed by the parties. Based on the full achievement of the targets agreed by the parties, the deal would imply an expected CAAP multiple of 7.2 times in 2019. Davide Campari Milano SpA also announced that it will set up a full in-market distribution company in Spain. The newly established company will be responsible for the sales and marketing of the Campari brand portfolio in Spain, to date including Campari, Frangelico, Aperol and Cinzano, as well as the export into Portugal and Andorra. The commercial activity will start on April 1, 2014.  Full Article

Davide Campari Milano SpA Opens Packaging Facility at Wild Turkey Distillery in Lawrenceburg, Kentucky
Wednesday, 11 Sep 2013 01:31am EDT 

Davide Campari Milano SpA announced that it opened the USD 43 million Packaging Facility at the Wild Turkey Distillery in Lawrenceburg, Kentucky. The Packaging Facility is part of a USD 100 million overall investment that the Company has made in facility upgrades during a three year time span. The facility provides full bottling and packaging capabilities for all of Gruppo Campari’s U.S.-distilled spirits brands, including the Wild Turkey Bourbon line and the Company’s U.S.-based brand – SKYY Vodka. With more than 145,000 square-feet of space, the Wild Turkey Packaging Facility will initially handle up to four million nine-liter cases of product annually, but has the design capability and capacity to support Gruppo Campari’s North American packaging platform into the future. The new Facility addresses the growth of Wild Turkey, Wild Turkey American Honey, Wild Turkey Spiced, Wild Turkey Kentucky Spirit, Russell’s Reserve, Rare Breed Bourbon, and SKYY Vodka domestically and around the globe.  Full Article

UPDATE 1-Campari profit falls after wet summer hit aperitif demand

MILAN, Nov 12 - Italian drinks maker Campari said its profitability target for this year was at risk after "horrendous" summer weather in Europe dampened demand for its namesake aperitif.

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