Brief: Viva Wine Buys Delta Wines For About EUR 57 Mln
15/05/2025 07:22
May 15 (Reuters) - Viva Wine Group AB VIVA.ST: ACQUIRES DELTA WINES, THE NETHERLANDS’ LEADING WINE DISTRIBUTOR, TO STRENGTHEN ITS POSITION IN THE EUROPEAN WINE MARKET ENTERED INTO A BINDING AGREEMENT TO ACQUIRE 88.59 PERCENT OF SHARES IN DELTA WINES HOLDING 2 B.V. PURCHASE PRICE OF APPROXIMATELY EUR 57 MILLION TRANSACTION IS EXPECTED TO BE COMPLETED IN MAY 2025 TRANSACTION SIGNIFICANTLY EXPANDS COMPANY'S POSITION IN EUROPEAN WINE MARKET FOR FULL YEAR 2024, DELTA WINES REPORTED NET REVENUE OF APPROXIMATELY EUR 186 MILLION ACQUISITION IS EXPECTED TO ENABLE SUBSTANTIAL SYNERGIES OVER TIME TRANSACTION WILL BE FULLY FINANCED THROUGH A NEW LONG-TERM LOAN FACILITY Source text: ID:nMFN19jCFY Further company coverage: VIVA.ST (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))