Baron de Ley has completed its first share buyback. The Spanish winery told the Spanish stock market regulator CNMV yesterday (22 December) that it has bought 386,500 shares, or 5% of its share capital.

The transaction cost Baron de Ley EUR1.5m (US$1.8m).

In the third quarter of this year, the company saw net profits rise only slightly year-on-year, by 2.2% to EUR12.8m. Turnover at the Rioja wine producer rose in the period by 3.3% to EUR53.4m.