Compagnie du Bois Sauvage: Subscription to the capital increase of Vinventions, LLC
2018年3月2日 - 1:45AM
Press release (embargo to March
1, 2018 - 5:45 pm)
Vinventions, LLC (USA) has decided to increase its
capital by an amount of USD 40 million to support its growth, its
future developments and to refinance its recent
acquisitions. The Group, dedicated to the supply of closure
solutions for wine bottles, offers a complete range of closures
varying from premium natural cork and corks made from sugarcane
based raw materials to glass closures and screwcaps. It is present
worldwide and specifically with its Belgian factory in Thimister
(Nomacorc).
Compagnie du Bois Sauvage subscribed via its
American subsidiary for an amount of USD 20 million to the capital
increase completed on Tuesday 27 February 2018 and directly for an
amount of EUR 5 million to a subordinated loan issued by the
Belgian subsidiary of Vinventions LLC.
Vinventions is a shareholding which was already in
the portfolio of Compagnie du Bois Sauvage through its shareholding
in Noël Group (USA) founder of Vinventions. With this additional
investment, Compagnie du Bois Sauvage holds directly and indirectly
a total of 25.84% of the capital of Vinventions.
Vinventions has been able to rely on its
historical shareholders for its capital increase, beside whom
Intégrale, three European and one American bank have structured
debt by reducing significantly its level and its cost.
For any further information on this transaction,
please refer to the press release issued by Vinventions
(www.vinventions.com).
Contact
Benoit DECKERS
CEO
Mobile: 0475 44 15 96
This press release
has been translated into English. In the event of divergence, the
French version shall be final.
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Compagnie du Bois Sauvage via Globenewswire
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