INDIA: Champagne Indage to buy wine businesses
Champagne Indage said today (16 May) its units plan to acquire wine businesses in South Africa, the UK and South Australia, according to reports.
If Champagne Indage goes ahead with the acquisitions, it will have control over about 200 million litres capacity worldwide, a report by Reuters said.
In January 2007, the Indian wine group bought the winemaking arm of Australian company Tandou for an undisclosed sum. The deal is Champagne Indage's second international acquisition.
The company was immediately available for comment when just-drinks contacted it.
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