Business
AdVini and Cordier By InVivo, wich entered exclusive negociations on december 15, sign a binding agreement
To support the consolidation of the wine industry, AdVini will receive from Cordier and its subsidiaries (hereafter collectively referred to as Cordier by InVivo) a portion of its wine-growing assets representing export sales of around €50 million, the Café de Paris sparkling wine brand and its production site, as well as the Cordier brand.This contribution of assets from Cordier by InVivo, completed by a cash component, will allow InVivo to hold approximately 7.8% of AdVini’s share capital upon
About this update from Advini Sa
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