DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5
Drinks

Freixenet's Future Uncertain As Key Meeting Suspended Due To Family Death

By Steve Wynne-Jones
Share this article
Freixenet's Future Uncertain As Key Meeting Suspended Due To Family Death

Directors at cava producer Freixenet have had to suspend a high level meeting due to the death of Carmen Ferrer Sala (96), proprietress of 25 per cent of the company, who passed away on Wednesday.

According to CronicaGlobal.com, a meeting was intended to take place this week to discuss German group Henkell & Co buying shares in the company from Financial Director, Enrique Hevia – one of Carmen’s sons.

Enrique, along with his brothers, Montse, Carmina and Agustina Hevia Ferrer – all key decision makers in the company –have travelled urgently to Santander to say their goodbyes and arrange the funeral.

Enrique was expected to discuss a call option for his share in the company, and the possibility of Freixenet opening to external capital for the first time.

The purchase would allow Henkell & Co to gain control of Freixenet, which has been a family run business since its establishment in 1861.

ADVERTISEMENT

There is no new date for the meeting, and the decision has been put on hold.

© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Gabriela Guédez. To subscribe to ESM: The European Supermarket Magazine, click here.

Get the week's top grocery retail news

The most important stories from European grocery retail direct to your inbox every Thursday

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our terms & conditions and privacy policy. You can unsubscribe at any time.