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Article: Gruppo Campari buying 99% stake in Odesa Sparkling Wine Plant for $18 mln.
- Article from:
- Russia & CIS Business and Financial Newswire
- Article date:
- December 22, 2008
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Gruppo Campari buying 99% stake in Odesa Sparkling Wine Plant for $18 mln
KYIV. Dec 22 (Interfax) - Italy's Gruppo Campari is acquiring a 99% stake in Ukraine's Odesa Sparkling Wine Plant for $18 million, Campari said in a statement.
The purchase is to be finalized in early 2009. Campari is acquiring both the plant itself as well as the Odesa sparkling wine trademark.
The purchase of the plant "is an important step towards the further strengthening of Campari's position in key Eastern European markets. It is an attractive market opportunity, as Ukraine is the second largest sparkling wine market in Eastern Europe after ...