Small and medium-sized enterprises in the Italian wine trade may be hit by a round of mergers and acquisitions, according to a report released this week. The report, compiled by Deloitte Financial Advisory Services group, warns that the mergers and purchases can be expected in the near future.

The report, based on a survey of 48 Italian wine companies, was presented at the Vinitaly international wine trade fair currently being held in Verona.

The 48 companies represented around 30% of Italy's wine market in 2002.