Milan

Campari shares soar following purchase of rum makers

Italian beverage group toasts successful acquisition

Campari shares soar following purchase of rum makers

(ANSA) - Milan, September 3 - Campari saw a surge in its stocks on Monday up 6% to 5.8 euros after the acquisition of Jamaican rum producer Lascelles de Mercado (Ldm). The Italian beverage group spent 330 million euros for a controlling 81.4% stake in Ldm and will make a formal tender offer for all the shares, the company said Monday.

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