Chinese distiller buys stake in VSPT

Chinese distiller, the Yanghe Distillery Company, has bought a 12.5% stake in the VSPT Wine Group, Chile’s second largest wine producer and exporter.

VSPT has nine wineries and has brands such as: GatoNegro, Castillo de Molina, 1865 Selected Vineyards and Cabo de Hornos, Tarapacá, Misiones de Rengo, Leyda, Santa Helena, Viñamar and Casa Rivas in Chile, as well as Finca La Celia and Tamarí in Argentina.

VSPT’s main owner continues to be the Chilean brewer, CCU S.A, which through its subsidiary CCU Inversiones S.A. owns 67.22% of the shares of VSPT.

Yanghe Distillery Co. which is said to be one of the largest and most important distilled drink producers in China, bought the shares from minority shareholders. The purchase value was US$65 million.

Yanghe Distillery Co. is described as a large-scale and experienced partner in the eastern Chinese province of Jiangsu, recording annual sales of more than $3 billion USD. In 2012, it entered the wine industry with the brand Sidus, a Chilean wine produced by different Chilean wineries for the Chinese market. It is best known for the production and sale of spirits, and its main product is Baijiu.

VSPT claims to be the leader in the fine wines segment in the domestic Chilean market.