NewPrinces S.p.A. (BIT:NWL) agreed to acquire Diageo Operations Italy Spa from Diageo plc (LSE:DGE) on June 24, 2025. Diageo has sold Diageo Operations Italy S.p.A., inclusive of the Santa Vittoria production facility, to NewPrinces. The deal includes continuity of employment at the site and a fixed term service agreement will be in place, post completion, to enable a smooth transition.

Completion of the transaction is subject to regulatory approval and is expected later in the year.

Renato Salsa, Michele Torella, Giorgio Ongaro, Diego Medicina, and Antonio Piccirillo of Ernst & Young Corporate Finance Spa acted as financial advisor for Diageo plc. Studio Legale Cappelli RCCD acted as legal advisor to Diageo Operations Italy Spa. Gianfranco Veneziano of Bonelli Erede Pappalardo Studio Legale acted as legal advisor to NewPrinces S.p.A.