Press Releases 2001
Campari priced at Euro 31 following highly successful IPO
Milan, 6 July 2001 - “The temporary downturn in the
market prevented the stock fromrealising its full potential,”
commented Marco Perelli Cippo, managing director of DAVIDECAMPARI -
Milano S.p.A,. “But we are confident that the market will
recognise the value of a world-famous brand and the soundness of
the business plan that has made the Campari group one of the
world's leading beverage players".
Shares began trading at 31 euros and, after reaching a maximum of
31.20, ended the session at an official price of 30.69 and a
reference price of 29.88. A total of nearly three million shares
were traded with a total turnover of around Euro 90 million.
Deutsche Bank and UBS Warburg were joint global co-ordinators for
the offer and also acted as joint lead managers and bookrunners for
the private placement; IntesaBCI was sponsor and lead manager for
the public offering.
In 2000 Campari consolidated net sales were Euro 434 million with a
19% increase on 1999. EBITDA, at Euro 105 million, accounted for.
24% of consolidated net sales.
FOR FURTHER INFORMATION:
Investor enquiries:
- Chiara Garavini
Tel.: +39026225330
Email: investor.relations@campari.com
Website: www.campari.com
Media enquiries:
- Chiara Bressani
Tel.: +39026225206
Email: chiara.bressani@campari.com
Press Release
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