Grand Marnier says Campari to buy its distribution unit

Mon Mar 14, 2016 8:02am EDT
 
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PARIS (Reuters) - Grand Marnier GDMR.PA said on Monday that Italy's Campari (CPRI.MI: Quote), the world's sixth-largest premium spirits maker, was set to acquire the global distribution business of the French cognac maker, confirming a report by Bloomberg.

Trading in Paris-based Grand Marnier's shares was suspended on Monday.

(Reporting by Joseph Sotinel; Writing by Maya Nikolaeva; Editing by James Regan)

 
A Campari bottle is seen in a bar downtown Milan, February 29, 2016. REUTERS/Stefano Rellandini