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Campari Buys 80 Percent of Cabo Wabo Tequila
Beverage World Publications Group - May 7, 2007

May 7, 2007 - MILAN: Davide Campari-Milano SpA, the Italian beverage group, said that it has signed an agreement to buy an 80 percent stake in Cabo Wabo Tequila for $80 million usd. Cabo Wabo was founded in 1996 by Sammy Hagar, former lead singer of the band Van Halen, who is also a major shareholder, it said.

The deal, which is expected to be closed in Jan 2008, values Cabo Wabo 11.8 times expected EBITDA for 2007, it said.

Mexico - Last Revision - 30 May 2007 - jat