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CPR Davide Campari

5.678
-0.288 (-4.83%)
10 Jan 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Davide Campari BIT:CPR Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.288 -4.83% 5.678 5.674 5.68 6.002 5.716 5.956 9,566,787 17:00:00

Campari CEO Confirms Dividend Policy After Aquisition

08/04/2009 12:45pm

Dow Jones News


Davide Campari (BIT:CPR)
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MILAN (MF-Dow Jones)--Italy's Davide Campari SpA (CPR.MI) Chief Executive Bob Kunze-Concewitz Wednesday confirmed the company's dividend policy following the acquisition of Wild Turkey brands from French drinks company Pernod Ricard SA (RI.FR).

In March Campari said it was going to propose a 2008 dividend of EUR0.11 per share unchanged from the previous year.

Kunze-Concewitz said the Wild Turkey deal is already accretive, at an earnings-per-share level, from 2009" adding he expects revenue to grow by EUR100 million because of the acquisition announced this morning.

Shares of Campari soared in Milan following the announcement. At 1105 GMT, shares were trading up EUR0.23, or 4.8%, at EUR4.98, outperforming the S&PMib index.

Company website: www.camparigroup.com

-By Paola Longo with MF-Dow Jones and Sabrina Cohen, Dow Jones, Dow Jones Newswires, +39 02 5821 9906; sabrina.cohen@dowjones.com

 
 

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