The production facilities in Italy and Argentina, where Campari Group also manufactures other brands, are excluded from the transaction perimeter. As part of the transaction and effective from closing, Caffo Group 1915 and Campari Group will enter into a transitional manufacturing agreement in Italy and Argentina as well as temporary distribution agreements whereby Campari Group will continue to distribute Cinzano products in certain markets such as Argentina, Spain, Mexico, Russia, South Korea and South Africa before transitioning to Caffo Group 1915?s commercial footprint. In 2024, net sales of Cinzano and Frattina amounted to ?75 million. The closing of the transaction is expected by the end of 2025.