SPAIN: Freixenet on acquisition trail with 60% in Oz winery
By John Gallagher | 19 July 2001
Spain's leading Cava exporter, Freixenet, has confirmed the purchase of 60% of the Wingara Wine Group, the owners of Riddoch Estate, Katnook Estate and Deakin Estate wineries. After two years of negotiations, Freixenet has paid Euro21.57m () for its controlling stake with the remaining 40% remaining in the hands of David Yunghanns and his sister, Sarah. Yunghanns remains as managing director of the Australian company.
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Spain's leading Cava exporter, Freixenet, has confirmed the purchase of 60% of the Wingara Wine Group, the owners of Riddoch Estate, Katnook Estate and Deakin Estate wineries. After two years of negotiations, Freixenet has paid Euro21.57m () for its controlling stake with the remaining 40% remaining in the hands of David Yunghanns and his sister, Sarah. Yunghanns remains as managing director of the Australian company.
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