Previous close | 10.12 |
Open | 9.44 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's range | 9.44 - 10.07 |
52-week range | 8.84 - 12.97 |
Volume | |
Avg. volume | 444,870 |
Market cap | 12.496B |
Beta (5Y monthly) | 0.60 |
PE ratio (TTM) | 32.65 |
EPS (TTM) | 0.31 |
Earnings date | 07 May 2024 |
Forward dividend & yield | 0.06 (0.59%) |
Ex-dividend date | 24 Apr 2023 |
1y target est | N/A |
Campari will seek further M&A opportunties after completing the buyout of French cognac house Courvoisier, the new head of the Italian drinks group said on Tuesday. The group completed the 1.22-billion euro ($1.3 billion)acquisition of Courvoisier last week, earlier than expected by analysts. It was the largest ever deal for Campari, whose brands include the Aperol aperitif, Espolon tequila and Wild Turkey whisky.
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Italian spirits group Campari on Wednesday said it had raised 1.2 billion euros ($1.3 billion) by selling new shares as well as debt that can convert into equity to fund last month's buy of historic French cognac house Courvoisier. Campari, which in December announced the $1.2 billion acquisition, said it had taken advantage of favourable market conditions as it joined a rush of issuance at the start of the year. Shares in Campari failed to start trading as the Milan market opened on Wednesday and were indicated down 6.5% by 0802 GMT.