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

Published on Apr 1 2016 2:25 PM in Drinks tagged: Spain / cava / Freixenet / Henkell & Co

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.

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.

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