SPAIN: Osborne buys stake in leading water company

By John Gallagher | 5 September 2001

Leading Spanish Sherry and brandy producer, Osborne, has acquired 40% of premium mineral water supplier, Solan de Cabras, controlled by the Del Pozo family. Solan de Cabras has been immersed in legal problems over the last two years concerning the legal ownership of the company. In August 1999, Barcelona based brewer Damm agreed to acquire 66.67% of the water company from the Garcia Salmeron and the Sanz Gallego families and, despite protests from the Del Pozo family, confirmed the acquisition in September 2000.

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Leading Spanish Sherry and brandy producer, Osborne, has acquired 40% of premium mineral water supplier, Solan de Cabras, controlled by the Del Pozo family. Solan de Cabras has been immersed in legal problems over the last two years concerning the legal ownership of the company. In August 1999, Barcelona based brewer Damm agreed to acquire 66.67% of the water company from the Garcia Salmeron and the Sanz Gallego families and, despite protests from the Del Pozo family, confirmed the acquisition in September 2000.

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