China’s Yanghe Buys Stake In Chile’s Viña San Pedro

 

Via thedrinksbusiness.com

The purchase, reported in the Chinese media, exceeded Changyu’s US$50 million purchase of Bethwines’ 85% stake last May.

Bai Ziyi, a Chinese representative of Viña San Pedro, told Chinese media Jiu Yejia that Yanghe had plans to purchase a Chilean winery two years ago, and since then had been in talks with different parties. The purchase came at a time when an existing shareholder of the Chilean winery had just passed away.

“So Yanghe took the opportunity and purchased the stocks from this shareholder,” Bai was quoted as saying without disclosing details.

 

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