Gruppo Montenegro to acquire Pampero from Diageo.

Gruppo Montenegro, an Italian company in the premium spirits and food sectors, agreed to acquire Pampero, a rum brand, from Diageo, a provider of premium drinks. Financial terms were not disclosed. "We are delighted to announce the acquisition of Pampero, a rum that will significantly enhance our growth trajectory both within Italy and on the international stage. Pampero's exceptional heritage and unique qualities will greatly enrich our spirits portfolio. We are particularly pleased that this milestone has been achieved following the appointment of Gruppo Montenegro’s new CEO, Sergio Fava. The acquisition of Pampero marks a new pivotal phase for Gruppo Montenegro as we fortify our global expansion with our new leadership team," Paul Douek, Gruppo Montenegro Executive Board Member.