MARC HASENFUSS: Campari puts a rich mix into whisky maker Capevin
Could Remgro perhaps look at a deal with Campari in the same vein as the recent Heineken/Distell transaction?
18 September 2024 - 09:40
Things are starting to distil at Capevin Holdings, with news just in that liquor sector icon Campari Group has paid a stiff premium to take a 14.6% stake in the maker of fine scotches.
Capevin, for those who need reminding, was part of the old Remgro-controlled Distell Group, which was recently acquired by beer giant Heineken. Heineken was not terribly keen on the whisky assets — but Distell shareholders were given an option of retaining their shares in an unlisted Capevin. More than a few, myself included, went along for the ride...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.