Brief: Advini South Africa Acquires Kleine Zalze Wines

Advini SA

19/04/2022 16:59

April 19 (Reuters) - Advini SA  ADVI.PA :
    * ADVINI SOUTH AFRICA ACQUIRES KLEINE ZALZE WINES
    * SUBSIDIARY ADVINI SOUTH AFRICA HAS ACQUIRED MAJORITY SHARE
OF
KLEINE ZALZE WINES, BASED IN STELLENBOSCH (SOUTH AFRICA), WITH
ITS FOUNDER KOBUS BASSON, WHO REMAINS A SHAREHOLDER IN COMPANY
AND WILL MANAGE TRANSITION WITH HIS SOUTH AFRICAN TEAM FOR NEXT
THREE YEARS
    * TRANSACTION CONCERNS WINE BUSINESS
    * VINEYARDS, WHICH WILL BE RETAINED BY BASSON FAMILY, ARE
SUBJECT
TO A LONG-TERM SUPPLY CONTRACT WITH KLEINE ZALZE

Source text for Eikon:  ID:nGNEbF7J8V 
Further company coverage:  ADVI.PA 

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