20th April, 2018 by Lauren Eads
Slideshow - 0 pages
Slideshow
Cava producer Codorníu has rejected an offer from US investment fund the Carlyle Group to take a majority stake in its business, but is open to an approach from a potential minority partner.
Codorníu cellars
Codorníu rejected an offer for a majority stake in the company by Carlyle last week. The Carlyle Group most recently bought Australian wine giant Accolade for AU$1 billion (£548 million), meaning that the value of the company has more than trebled since 2011, when it was bought by former owners Champ.
While its advances of a takeover bid for Codorniu were passed over, the Cava producer has said that it is open to a minority stake partner.
Some of the company’s shareholders intend to sell their….
Slideshow - 0 pages
Slideshow
Featured in the latest newsletter from db