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.