Bodegas Vinartis will invest €27.5m to expand its original-label business and reach new international markets. The Spanish winery, recently bought by local hedge fund Nazca, will invest €15m to streamline production and €9.5m to develop and export its brands abroad where it derives 40% of revenues.

Vinartis wants to export more from the Ribera del Duero and La Rioja regions, a company official said.

Vinartis is Spain's second-biggest table wine purveyor with a 25% market share. It has a 3% domestic original-label share and 20% of the market for wines from the central Valdepenas region.