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 also includes the group’s subsidiaries, Bodegas Torreduero (Toro) and Bodegas Viore (Rueda).
The restructuring plan was formalised in a public deed executed on 15 May and is expected to be submitted for judicial approval to the competent court in…