Economic observer reporter wants one, is more than one hundred countries around the world leaders in Beijing to participate in the "area" summit BBS just dispersed, China's largest wine maker, yantai changyu company (000869) was the first attack, acquisition of a winery in Chile.
On May 25, 2017, on the evening of Zhangyu A (33.860, 0.77, 2.33%) (000869), according to the announcement the company signed an agreement with Chile LAMBO SpA company, set up A joint venture invested $48.0325 million cash, A joint bid for Chile beth wine business.
According to the signed agreement between the shareholders, the joint venture set up Indomita WineCompany Chile, SpA (Chinese name "Chile magic lion wine short form joint-stock company", hereinafter referred to as the "magic lion wine"), with $40.8276 million in cash capital contribution, changyu among them hold 85%; LAMBO SpA has a 15 per cent stake in $720.49 million in cash.
At the same time, the magic will serve as assignee after establishment, lion wine purchase Chile beth chateau belong to Vina Indomita, S.A. company 100% stake, Vina Dos Andes, S.A. company 100% stake and Bodegas Santa Alicia SpA company 80% stake.
The baise winery is a medium-sized wine brewing company established by beasya group in Chile in 2004, which produces and sells medium-priced wines. LAMBO SpA shareholders are the management team at the berse winery in Chile.
Currently, beth winery has four international famous wine brands, its products are exported to more than 40 countries, including European countries as its main export markets, sales of more than 50% of the total. In 2016, the company reported a net profit of $618.41 million for sales of $3802 million. Ninety-two percent of its sales come from export sales, while sales from mainland China and Hong Kong are about $2.3 million. It ranks eighth among Chilean exporters.
As pioneer "area", China's largest wine maker, yantai changyu company (000869) had more layout in major global wine region.
As early as two years ago, changyu in yantai headquarters set up multiple wine group, respectively located in France, Spain, Australia and the americas five foreign investment main body of the wine regions, trying to achieve in the layout are all high quality production areas in the world. Since then, Mr. Zhang bought the winery and the wineries in France in 2013, and in 2015, Mr. Zhang spent 26.25 million euros in a controlling stake in Spain's iou group. Now, the acquisition of the besson winery in Chile is a new step towards improving the international layout of zhangyu.
Changyu about chief, said in a joint venture to set up the magic lion wine Chile is the company's internationalization strategy, optimize the global wine industry layout of major initiatives, will grab Chile quality wine for the company resources, speed up the international wine market to lay a solid foundation.
According to the announcement, the overseas acquisition price is relatively reasonable and is expected to make better investment returns. According to the forecast, if do not consider its products sold in China's net profit, the company to recover the investment principal of $40.83 million, about 12.5 years, average annual investment rate is 8%; If considering its products sold in China along with all the net profit, the company to recover the investment of $40.83 million to about 9.8 years, average annual investment yield could reach 10.2%.
As overseas mergers and acquisitions have grown, Mr. Zhang has begun to shift from a local producer to a global wine brand operator.
