Reggio Emilia, 21 May 2025 - Diageo Plc ("Diageo" or the "Seller") and NewPrinces S.p.A. (formerly Newlat Food S.p.A., referred to as "NewPrinces" or the "Buyer") are pleased to announce the achievement of another significant milestone for the Santa Vittoria site.
At a meeting held today at the Ministry of Enterprises and Made in Italy, attended by the trade unions and the Ministry of Labour and Social Policies, all parties involved agreed that the proposed sale of the site to NewPrinces represents a positive and appropriate conclusion and closure of the Social Plan process initiated by Diageo in November 2024.
This conclusion reflects the efforts made by Diageo to secure a credible potential buyer for the site, and the strength of the proposed industrial strategy presented by NewPrinces.
The Social Plan closure is an important step forward, and both companies continue to work towards the shared objective of reaching agreement on a deal that secures a strong and sustainable future for the Santa Vittoria site and its employees.
* * *
This press release is available on the NewPrinces' website www.newprinces.it and on the authorized storage mechanism eMarket Storage at the following address www.emarketstorage.com.
FOR MORE INFORMATION:
NewPrinces
Benedetta Mastrolia
NewPrinces Investor Relator
Mob. +39 3319559164
investors@newlat.com
Alice Brambilla
Barabino & Partners
Tel. +39 0272023535
Mob. +39 3282668196 a.brambilla@barabino.it
At a meeting held today at the Ministry of Enterprises and Made in Italy, attended by the trade unions and the Ministry of Labour and Social Policies, all parties involved agreed that the proposed sale of the site to NewPrinces represents a positive and appropriate conclusion and closure of the Social Plan process initiated by Diageo in November 2024.
This conclusion reflects the efforts made by Diageo to secure a credible potential buyer for the site, and the strength of the proposed industrial strategy presented by NewPrinces.
The Social Plan closure is an important step forward, and both companies continue to work towards the shared objective of reaching agreement on a deal that secures a strong and sustainable future for the Santa Vittoria site and its employees.
* * *
This press release is available on the NewPrinces' website www.newprinces.it and on the authorized storage mechanism eMarket Storage at the following address www.emarketstorage.com.
FOR MORE INFORMATION:
NewPrinces
Benedetta Mastrolia
NewPrinces Investor Relator
Mob. +39 3319559164
investors@newlat.com
Alice Brambilla
Barabino & Partners
Tel. +39 0272023535
Mob. +39 3282668196 a.brambilla@barabino.it
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