The Italian spirits company, Davide Campari Milano SpA, has announced that it has acquired a further 20.7% in the Sardinian wine company, Sella & Mosca, from a private shareholder.

Campari paid SFIRS, an unlisted investment vehicle, €8m for the shares. The deal lifts its stake in the company from 77.5% to 98.3%.

"This operation allows us to highlight our group's interest in the wine sector and, in particular, our confidence in the potential of Sella & Mosca," said Campari's CEO, Marco Perelli-Cippo.