Campari is about to launch a friendly takeover bid for Grand Marnier. Le Figaro writes it, explaining that the heirs of Jean-Baptiste Lapostolle and Louis-Alexandre Marnier, who control the majority of the capital of Grand Marnier and 60% of the voting rights, have agreed to transfer their shares to the Italian group .
According to the French newspaper, the transaction values Grand Marnier at over one billion euros, i.e. more than double the market capitalization of 426 million.
For Campari, founded in 1860, this would be one of the most important acquisitions in its history. The company, asked about the press rumors, did not comment.
