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Spain: Inveravante buys 90% of Ribera del Duero winery
16 April, 2009
Spain: Investment company Inveravante has purchased 90% of the Dominio de Atauta winery for €7.3 million.
Spain: Investment company Inveravante has purchased 90% of the Dominio de Atauta winery for €7.3 million.
The winery is part of the Ribera del Duero Origin Denomination and the other 10% remains in the hands of the previous owner, wine producer Miguel Sánchez.
The operation provides the Dominio de Atauta winery with the necessary financial stability and resources to consolidate its growth.
Miguel Sánchez has been working in the wine sector for over 30 years; he has retained 10% of the shares in Dominio de Atauta, and will keep on working there in quality maintenance and improvement, as well as supporting distribution and other wineries belonging to the same group, such as “Naia” (O.D. Rueda), “Cenit” (O.D. Tierra del Vino) and “Nora” (O.D. Rías Baixas).
The winery now forms part of Avanteselecta, the Inveravante division that groups together investment in the food and agriculture sector, now present in eight origin denominations: Tierra del Vino de Zamora (Viñas del Cénit), Rías Baixas (Viña Nora), Rueda (Bodegas Naia), Tierra de Castilla (Bodega Venta la Ossa and Bodegas Mano a Mano, La Rioja (Bodega 1102), Monterrei (Bodega Pazos del Rey ), Jerez (55% of Álvaro Domecq S.L.) and Ribera del Duero (Dominio de Atauta).
