Campari setting up IPO
The Italian beverage group Campari is to launch an initial public
offering in the near future that could value the maker of the
bitter aperitif at about...
offering in the near future that could value the maker of the
bitter aperitif at about...
The Italian beverage group Campari is to launch an initial public offering in the near future that could value the maker of the bitter aperitif at about Euro 900m, reports the Financial Times. Last March, Campari announced it would seek a listing on the Milan exchange by selling up to 49 per cent of the stock. Most of the stock is currently owned by founding family members and by the Dutch food distributor Royal Wessanen. Last year, Campari's earnings before interest, taxes, depreciation and amortisation amounted to Euro 105m. Its value will be based on a multiple of that figure. Source: Financial Times
