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
