Chile's VSPT Wine Group has sold a minority share to a distilled drinks company in China. 

The wine company said today that Yanghe Distillery Co has purchased a 12.5% stake in a deal worth US$65m. The shares had belonged to minority shareholders, the company said. 

Control of VSPT continues to be held by Chilean brewer Compania Cervecerias Unidas, which owns 67.22% of the firm. 

"Without doubt, this new partner is a very good signal for the company and so we are very optimistic," said VSPT CEO Pedro Herane. 

According to VSPT, Yanghe Distillery Co is a "large-scale and experienced partner in the eastern Chinese province of Jiangsu, recording annual sales of over US$3bn".

Yanghe entered the wine industry in 2012 with the launch of Sidus, a Chilean wine produced by different wineries in the country for the Chinese market.  The company's main product is baijiu. 

VSPT operates nine wineries - seven in Chile and two in Argentina. 

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