Campari quits Italian wine business

25th November, 2016 by Rupert Millar

Gruppo Campari has exited the wine business with the sale of its two Italian wineries to the Terra Moretti group.

Campari has sold the entirety of its Sardinian estate, Azienda Vinicola Tenute Sella & Mosca (pictured), and Tuscan estate, Teruzzi & Puthod, for a total of €62 million.

The group said in a statement that the deal will see an initial transfer of €57m to be transferred on the closing of the deal – later this year – and the rest paid in four years time, “guaranteed by a pledge on Teruzzi & Puthod shares, with maturing interests.”

The sale includes the trademarks, 650 hectares of vineyards, vinification and production facilities, inventory and real estate assets of both domains.

Sella & Mosca in Sardinia is a large estate….

Continue reading

Get unlimited access to The Drinks Business, from just £10.75 per month

Join The Drinks Business
Already a subscriber?

Leave a Reply

Your email address will not be published. Required fields are marked *

Subscribe to our newsletters