United States

Royal Unibrew A/S says entered into an agreement with Gruppo Campari to acquire Terme di Crodo

Wednesday, 4 Oct 2017 11:23am EDT 

Oct 4 (Reuters) - Royal Unibrew A/S :Market position in Italy considerably reinforced by the acquisition of the Freedea Lemonsoda business from Gruppo Campari.Acquisition of Freedea Lemonsoda doubles number of must-stock products in italian business.Acquisition price of DKK 0.6 billion ; enterprise will be acquired free and clear of debt and liabilities​.Acquisition is expected to increase revenue in Italy significantly, corresponding to an additional net revenue of dkk 245 million​.Acquisition is expected to strengthen Royal Unibrew's earnings per share (eps) already in 2018.Royal Unibrew A/S says ‍financial target of a medium-term ebit margin of about 16% remains unchanged​.