The transaction is related to last year's sale of wineries in Italy and Chile. From now on, the group will focus strongly on the spirits business
The offer, at 8,0501 euros per share in cash, values the company at 684 million euros - The delisting of the French company is expected - Campari will exclusively distribute the Grand Marnier spirit worldwide.
According to Le Figaro, the friendly takeover bid values Grand Marnier more than double the market capitalization, which is 426 million.