Pride shot of Italian companies that after years of difficulty are starting to raise their heads again by expanding their interests abroad. Not only Campari, but also Lavazza, Salini and previously Ferrero and Luxottica. Acquisitions, offers and mergers that bear witness to the recovery of Made in Italy.
Starting with the most recent project, Campari has launched atender offer on Grand Marnier, beating top contenders such as LVMH, Moet Chandon and Dom Pérignon.
An agreement which provides for the immediate purchase of 17,19% of the company, plus 1,06% in bare ownership and 1,54% in usufruct of the capital. The takeover will be completed in 2021, exercising call/put options on the 26,6% remaining in the hands of the Marnier Lopostolle family. Finally, the tender offer for the remaining shares of Spml will take place at a price of 8,0501 euros per share in cash and with a premium of 60,4%. A 684 billion operation which represents the largest acquisition made by Campari in the course of its history.
Notable too the "conquest" of Lavazza which last March 10 announced the purchase of the French Carte Noire for an amount between 700 and 750 million euros.
Going back a few months, in November 2015 Salini, at the head of the consortium for the expansion of the Panama Canal, also scored a winning coup. For 406 million dollars, the Italian company bought Lane Industries, the largest highway builder and the main private producer of asphalt in the United States. Earlier still, Ferrero and Luxottica had respectively acquired the Thorntons chocolate factory and the e-commerce site glasses.com.
A "positive series" which, after years of difficulties and acquisitions suffered by foreign companies (just think of fashion), reassures about the future of Made in Italy and its national and international growth.
