FRANCE: CL Financial takes stake in Belvedere
By Stuart Todd | 3 January 2003
French wines and spirits group, Belvedere SA, has welcomed a new shareholder in the shape of holding company CL Financial. Based in Trinidad and Tobago, its portfolio of interests includes the ownership of rum and whisky distilleries. Through an increase in Belvedere's capital and also the acquisition of shares relinquished by existing shareholders, CL Financial's stake could be as much as 21.18%.
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French wines and spirits group, Belvedere SA, has welcomed a new shareholder in the shape of holding company CL Financial. Based in Trinidad and Tobago, its portfolio of interests includes the ownership of rum and whisky distilleries. Through an increase in Belvedere's capital and also the acquisition of shares relinquished by existing shareholders, CL Financial's stake could be as much as 21.18%.
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