It took longer than expected but in the end the result was the same. As already reported last month (inside.beer, 24.2.2018) the majority of the owners of the world’s leading cava brand Freixenet, agreed to sell 50.67% of the company’s shares at an undisclosed sum to German wine maker Henkell & Co., part of Germany’s largest food and beverage manufacturer Dr. August Oetker KG.
This makes Oetker, which also owns Germany’s leading beer maker Radeberger Group, the world’s largest sparkling wine group.
Dr. Albert Christmann, General Partner of Oetker, said: “With the acquisition of the shares of Freixenet we will strengthen the international market position of our sparkling wine, wine and spirits division significantly while at the same time we build up a solid base for sustainable joint growth in that business.”
The purchase is still subject to regulatory approval.