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Vintae Presents Restructuring Plan to Safeguard the Future of Bodegas Riojanas
Summary by Wine Industry Advisor
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4 Articles
Historic Bodegas Riojanas avoids insolvency proceedings: Vintae to acquire 90% of share capital
The Corner Reported by Consejeros Editorial Team The Logroño-based wine group Vintae, through its parent company Gevisa Wine Capital, has agreed a restructuring plan with the banks whereby it will assume the debt of the historic Bodegas Riojanas and acquire 90% of the company’s capital, as reported to the National Securities Market Commission (CNMV) last Friday. The current shareholders will retain ten per cent of the capital. The transaction al…
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