Société des Produits Marnier Lapostolle (SPML), which is Grand Marnier’s parent company, has been delisted from Euronext Paris as Davide Campari-Milano launched a friendly acquisition of the firm.

Campari initated a process to purchase the remaining shares of SPML as it crossed the 95% limit of the share capital and voting rights along with the controlling family, reported thespiritsbusiness.com.

This move has led to SPML being delisted from the stock exchange. 

"The remaining shareholders were paid €8,050 per share, which does not include the final 2015 dividend."

The remaining shareholders were paid €8,050 per share, which does not include the final 2015 dividend.

Last March, Gruppo Campari came to an agreement to acquire SPML. It expects to completely own the business from the family shareholders by 2021.

With this move, the Grand Marnier brand will join Gruppo Campari’s portfolio, which includes Campari, Aperol, Skyy, Wild Turkey and the Jamaican rums.

When the acquisition was announced, Gruppo Campari CEO Bob Kunze-Concewitz was quoted by thespiritsbusiness.com as saying: “We are delighted to consolidate this alliance between the SPML controlling family shareholders and Gruppo Campari.”

“Grand Marnier is a French icon, with a rich 150-year history for which we have profound respect.

“This acquisition represents a perfect fit with our external growth strategy in terms of brand profile, distribution and financial framework.”

Established in 1860, Davide Campari-Milano has over 50 brands, which includes spirits, wines and soft drinks.