Historic Bodegas Riojanas avoids insolvency proceedings: Vintae to acquire 90% of share capital
Reported by Consejeros Editorial Team The Logroño-based wine group Vintae, through its parent company Gevisa Wine Capital, has agreed a restructuring plan with the banks whereby it will assume the debt of the historic Bodegas Riojanas and acquire 90% of the company’s capital, as reported to the National Securities Market Commission (CNMV) last Friday. The current shareholders will retain ten per cent of the capital. The transaction also includes the…









