The Italian investment company Clessidra SGR has acquired the majority shares in the Botter wine group in Fossalta di Piave. It is a subsidiary of the listed investment holding Italmobiliare owned by the Pesenti family.
"Botter marks Clessidra's entry into the wine sector, a global market worth over €300 billion, which has proven to be very resilient," Andrea Ottaviano, Clessidra's managing director for investments, commented on the deal. He is "betting on a strategy of acquisitions aimed at creating an Italian leader in the sector", he told Italian media.
Annalisa Botter said her family would remain owners of 42 per cent of the company. She said it was particularly important for her to continue working operationally in the company and to ensure management continuity. According to the financial newspaper Milano Finanza, the deal is worth around 300 million euros, according to industry sources.
Botter ended 2020 with sales of 230 million euros and a six per cent increase over 2019, positioning it as the third strongest wine company in Italy. The group owns two wineries and several bottling plants for supermarket wines from many regions of the country.
(uka)