The majority owner of Burgundy's Domaine Chanzy is seeking to raise £5m via the unusual step of listing the winery on the London stock exchange.
Private equity group Olma expects to reduce its direct shareholding in the domaine to below 50% following an initial public share offering (IPO) on London's AIM stock exchange. A specific figure for its current majority stake could not be immediately confirmed.If the IPO goes ahead, it is expected to be the first time a French winery has listed on the London stock exchange, Olma said. The offer is being arranged by WH Ireland.Olma said that it wants to raise around £5m for Chanzy, which holds 32 hectares of vines across Côte Chalonnaise, Côte de Beaune and Côte de Nuits.Proceeds will be used to buy more vineyards and grapes, increase marketing and distribution, especially in Asia and the US, and increase winemaking facilities, said Olma, which
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