EUROPE: Remy Cointreau sells shares in cava brand Cigravi
French drinks company Rémy Cointreau has sold its stake in the cava brand Cigravi to the Giro-Ribot family.The sale means the Giro-Ribot family now controls 80% of Cigravi while 20% is held by small investors. The initial plans by the family to sell nearly 45% have apparently been put on hold.Rémy Cointreau had a 56% share stake in Cigravi after it subscribed to a Pta500m capital increase in the company in 1990. Earlier this year it sold cava producer Mas Tinell for Pta675m to Manuel Valderrama.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-drinks gives you the widest beverage market coverage.
Paid just-drinks members have unlimited access to all our exclusive content - including 16 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Olly Wehring, editor of just-drinks
- Experienced hands hold firm at CCEP - Analysis
- Why sports drinks fail to ride the Olympic wave
- What do US wholesalers think of spirits trends?
- How the craft economy is loosening alcohol laws
- It isn't just men who like beer - Comment
- Diageo Australia's commercial head to step down
- Luxury and e-commerce a "natural fit" - Diageo
- "We're not complacent about Brexit" - Diageo
- Diageo merges US, Canada spirits units
- William Grant sees 2015 sales, profits lift
- Global gin insights - market forecasts, product innovation and consumer trends
- The Next Seven Big Beverage Markets
- Global non-Scotch whiskies insights - market forecasts, product innovation and consumer trends
- Global rum insights - market forecasts, product innovation and consumer trends
- Global RTD insights - market forecasts, product innovation and consumer trends