Catalonian cava producer Freixenet has resumed talks with German group Henkell, which was meant to offer a sum to purchase a large share of the business a couple of weeks ago, but saw negotiations halted when a death in the family of the board of directors prompted the Hevia Ferrer brothers to postpone a key meeting.
Details of the offer haven't been disclosed to the media, but Spanish website GranConsumo.tv reports that Henkell presented a figure around €500 million, which would give it control of over 43.5 per cent of Freixenet.
Now, according to the company's statutes, shareholders will have a period to consider the offer and make a decision.
However, during this period, Henkell will also have time to think things through, as the German group will have now the opportunity to check Freixenet's financial records.
At the moment, the Catalonian business is managed by three family branches: José Ferrer Sala and his four sons, the Hevia Ferrer brothers and the Bonet Ferrer brothers.
© 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.
