Campari : Exclusive negotiations for the acquisition of the cognac Courvoisier
>Underperform maintained with a target price unchanged at € 11.2 - Underperform rating maintained with an unchanged target price of € 11.2. In a press release issued yesterday evening, Campari announced that it is in exclusive negotiations with Beam Suntory for the acquisition of Courvoisier cognac for an EV of € 1.2bn. This transaction, which doubly accelerates Campari's diversification into spirits (Cognac AND China), makes a lot of strategic sense and should be wel...
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