FDBusiness.com

Russian Wine Company is Floated

 Breaking News
  • Arla Foods Achieves Record Organic Revenue Growth in 2017 Strong performances by Arla Foods’ global brands, its international markets, and the ingredients business ensured a year of high growth for international dairy co-operative Arla Foods in 2017, as it delivered a 27.4% increase in pre-paid milk price to its farmer owners, and a net profit of 2.8% of revenue within its target range. This was [...]...
  • Solid 2017 Performance From Kerry Group Kerry Group, the global taste, nutrition and consumer foods business, has reported a 4.5% increase in revenue to €6.4 billion for the year ended 31 December 2017, reflecting strong volume growth offset by adverse currency movements. Group trading profit increased by 4.2% to €781.3 million. Kerry Group’s Taste & Nutrition business reported revenue increased by 5.7% [...]...
  • DSM to Exclusively Market BIOMILK 300 Residual Lactose Analyzer DSM, a global science-based company active in health, nutrition and materials, will exclusively market BIOMILK 300, a compact residual lactose-analyzing device produced by BIOLAN, as from February 2018. For dairy producers, the BIOMILK 300 is a fast, cost-effective, and accurate analyzer for quantifying residual lactose levels in lactose-free and lactose-reduced dairy products. Consumers are increasingly aware [...]...
  • Food & Drink Innovation at Forefront of UK’s Largest Packaging Show Innovation will take centre stage when the UK’s largest packaging event, Packaging Innovations, Empack and Label&Print 2018, returns to the NEC later this month. In its most innovative show to date, visitors will be able to discover the latest cutting-edge products and new industry developments, alongside more sustainable packaging than ever before. Highlights include: Colpac will be [...]...
  • EU Agri-food Exports are Holding Strong The value of EU agri-food exports reached €137.9 billion in 2017, corresponding to a sustained increase by 5.1% in value terms compared to 2016. Published by the European Commission, the latest monthly trade report details the export values for different sectors and origin. Major gains in annual values have been achieved in agri-food exports to the USA [...]...

Russian Wine Company is Floated

Russian Wine Company is Floated
April 12
09:38 2012

Abrau Durso, the largest sparking wine producer in Russia, has been floated on the Russian stock exchange. The IPO is expected to raise $15 million for a 15% stake by the end of April.

The proceeds will be used to develop tourism in the Krasnodar region of Russia, where Abrau Durso is based. Abrau Durso also plans to double production up to 34 million bottles by 2015.

The company was founded in 1870 and has been majority owned by SLV Group since 2006. Following modernisation Abrau Durso increased production from 4 million bottles in 2005 to 14 million in 2008. Abrau Durso became the first Russian wine company to receive an award at the International Wine Spirit Competition in 2010.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • February 25, 2018fish international
  • February 27, 2018Warsaw Gastro Show
  • February 27, 2018Int'l Food Fair
  • February 28, 2018GAST
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements