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IWB Italian Wine Brands SpA News Story

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Brief: Italian Wine Brands Subscribes Binding Offer With Caffo Group For Development Of Valle Talloria Site

Oct 9 (Reuters) - Italian Wine Brands SpA ITWB.MI:

IWB GROUP SUBSCRIBES BINDING OFFER WITH CAFFO GROUP FOR DEVELOPMENT OF VALLE TALLORIA SITE

DEAL IS FOR SALE OF VALLE TALLORIA BUSINESS UNIT, CONSISTING OF INDUSTRIAL HUB, RELATED ACTIVITIES

CAFFO GROUP TO TRANSFER PRODUCTION, HISTORICAL ARCHIVE OF CINZANO BRAND TO BUSINESS UNIT

TRANSFER EXPECTED TO TAKE PLACE BY END OF 2025 IF CERTAIN CONDITIONS, INCLUDING DEFINITION AND SIGNING OF FINAL AGREEMENTS, ARE MET

Further company coverage: ITWB.MI

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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