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Forumer storico
Davide Campari-Milano's controlling shareholder Lagfin said it plans to buy shares in the Aperol maker valued at up to 100 million euros, saying the company's market price doesn't reflect its true value.
The move followed news that Matteo Fantacchiotti, chief executive of the Italian liquor maker, resigned from his role for personal reasons, just months after taking the helm.
Lagfin said late Wednesday that the purchases will be carried out in coming days subject to market conditions. Lagfin owned 51.4% of Campari's ordinary shares and held 82.5% of its voting rights at the end of August, according to Campari's website.
The move followed news that Matteo Fantacchiotti, chief executive of the Italian liquor maker, resigned from his role for personal reasons, just months after taking the helm.
Lagfin said late Wednesday that the purchases will be carried out in coming days subject to market conditions. Lagfin owned 51.4% of Campari's ordinary shares and held 82.5% of its voting rights at the end of August, according to Campari's website.