The Russian company, Aroma Trading House, has won a privatisation tender for the Moldovan wine and sparkling wine producer, Vismos.

The Moldovan Prime Minister, Vasile Tarlev, announced that Aroma will be paying $6.9m for 99.96% of the Vismos shares, with the purchase price including future investment and sums earmarked for the repayment of the company's debts.

Direct investment in the Kishinev-based company will total $3.2m, half of which is earmarked for new plantings. Aroma Trading House will also repay $2.3m in Vismos debt. Vismos is the first privatised Moldovan wine company to be taken over by a foreign investor.