Ex-Campari CEO Fined for Spilling Grand Marnier Tip at Dinner

Davide Campari-Milano NV’s former chief executive officer was fined by French stock-market regulators for tipping off a friend at a dinner that the Grand Marnier Group was going to be acquired.

Marco Perelli-Cippo, who stepped down as Campari CEO in 2004 but remained a board member, was fined 50,000 euros ($59,000) by the Autorité des Marchés Financiers’ enforcement committee. His friend, Davide Blei, got a 100,000-euro penalty, according to a decision published Monday. Both men deny the accusations.

The AMF fining body said there were clues to suggest that Perelli-Cippo told his friend during a March 1, 2016 ...