COMPAGNIE DU BOIS SAUVAGE S.A. Press release (embargo to March 1, 2018 - 5:45 pm)
Vinventions, LLC (USA) has decided to increase its capital by an amount of USD 40 million to support its growth, its future developments and to refinance its recent acquisitions. The Group, dedicated to the supply of closure solutions for wine bottles, offers a complete range of closures varying from premium natural cork and corks made from sugarcane based raw materials to glass closures and screwcaps. It is present worldwide and specifically with its Belgian factory in Thimister (Nomacorc).
Compagnie du Bois Sauvage subscribed via its American subsidiary for an amount of USD 20 million to the capital increase completed on Tuesday 27 February 2018 and directly for an amount of EUR 5 million to a subordinated loan issued by the Belgian subsidiary of Vinventions LLC.
Vinventions is a shareholding which was already in the portfolio of Compagnie du Bois Sauvage through its shareholding in Noël Group (USA) founder of Vinventions. With this additional investment, Compagnie du Bois Sauvage holds directly and indirectly a total of 25.84% of the capital of Vinventions.
Vinventions has been able to rely on its historical shareholders for its capital increase, beside whom Intégrale, three European and one American bank have structured debt by reducing significantly its level and its cost.
For any further information on this transaction, please refer to the press release issued by Vinventions (www.vinventions.com).
Contact
Benoit DECKERS
CEO
Mobile: 0475 44 15 96
This press release has been translated into English. In the event of divergence, the French version shall be final.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Compagnie du Bois Sauvage via Globenewswire
