Gruppo Campari now holds nearly 70% of the share capital of Grand Marnier owner Société des Produits Marnier Lapostolle (SPML) following the results of its tender offer.
Shares equal to 50.7% of the total share capital of the company were tendered in a friendly takeover bid for an overall value of €347 million. The offer opened on 18 May and ran until 21 June.
Campari holds 69.7% of SPML’s capital, 54.51% of voting rights in ordinary general meetings and 53.55% of voting rights in extraordinary general meetings.
Including shares held by members of the Marnier Lapostolle family, Campari controls 97.83% of share capital.
Campari said it would announce the next steps in concluding the transaction in due course.
When the tender offer opened SPML Directoire Chairman François de Gasperis commented: “We are confident that Gruppo Campari is the best partner to develop and fully exploit the potential of the Grand Marnier brand worldwide.”
