On Wednesday 29 July, the supervisory board of Vinadeis approved the acquisition of capital by the InVivo Group, via its InVivo Wine subsidiary, recently created to develop value-creating activity within the wine industry.
The 21% stake acquisition results from two concurrent operations:
– The 13% increase in the Vinadeis capital reserved for InVivo Wine,
– The purchase of 8% from Vinedeis’ current shareholders.
Four representatives from InVivo will have seats on the Vinadeis board alongside the 14 other directors. Bertrand Girard is General Manager of InVivo Wine and President of the Management Board of Vinadeis. Joel Castany remains Chairman of the Supervisory Board of Vinadeis.
This is a landmark development for Vinadeis which, with the arrival of a major partner at its side, acquires additional resources, consolidates its leadership position and positions itself as a modern cooperative group and master of its own destiny. The group is planning for the future with an efficiency and effectiveness model that will provide additional opportunities for wine producers.
This step, which marks the rapprochement of Vinadeis and InVivo, reflects the convergence of the strategic visions of the two companies and their shared ambition to create a strong, powerful French wine cooperative group through brand development, internationalization, innovation, R&D and investment in the industry.
InVivo Wine and Vinadeis are already the two joint-shareholders in the Cordier Mestrezat Bordeaux Grands Crus “maison de négoce” with a 77.2% and 22.8% shareholding respectively.
Sharing the same vision and now the same shareholdings, the leading French wine cooperative group and InVivo, the leading French agricultural cooperative group, strengthen their common resolve to build an influential French wine group, with international scale, open and able to attract other partners to this ambitious venture.
The InVivo group includes 223 cooperatives, which themselves represent over 300,000 farmers. The group employs 8,000 people in 28 countries and reported revenue of € 5.5 billion in 2014-2015. The InVivo group’s activities are organized in 4 major fields of expertise: Agriculture, Animal Nutrition and Health, Retail distribution and Wine. Through its human, industrial, technical, technological, marketing and R&D investments in France and abroad, InVivo supports the development and promotion of French agriculture and the French food industry.