Hello, could Campari quoted on the Italian stock exchange be considered a potential autonomy?

Eoin Treacy's view

Thank you for this question which may be of interest to subscribers. Campari is globally diversified, has a recognisable brand and has a solid record of paying a modest dividend. However we could not describe Campari as a leader when compared to the titans of the international beverages sector. It is for this reason I did not include Campari in the original list of Autonomies. 

Perhaps a more relevant question is how likely is Campari to be taken over? The pace of consolidation within the sector has been brisk. Diageo only yesterday made a fresh attempt to increases its stake in India’s United Spirits. Campari does not have Asian footprint desired by the larger companies but it does represent an attractive niche player which continues to growth. 

The share has been ranging with an upward bias since 2011.