29th June, 2018 by Lauren Eads
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Spain’s Codorníu Raventós Group has entered exclusive negotiations with the Carlyle Group, which earlier this year bought Accolade Wines for AU$1 billion, to sell a majority stake of its business.
Bruno Colomer Marti, chief winemaker at Codorníu
Investment will come from a European arm of Carlyle – a US based equity investment group – called Carlyle Europe Partners.
This year, Codorníu expects to close its financial year with an EBITDA of €26 million, which it said was a “significant improvement” over the previous year and in line with the company’s long term strategic plan.
“This agreement will help boost the company overseas and consolidate and give continuity to our strategy, centered on building valuable and prestigious brands,” said Mar Raventós, chairwoman of Codorníu.
“After….
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