ITALY: Illva Saronno buys into Chinese winemaker
The Italian spirits producer Illva Saronno is to take a 33% stake in the parent company of China’s Yantai Changyu Pioneer Wine Co. The stake will cost Illva Saronno CNY481.4m.
The Italian spirits producer Illva Saronno is to take a 33% stake in the parent company of China’s Yantai Changyu Pioneer Wine Co. The stake will cost Illva Saronno CNY481.4m.