Chile:
Yanghe Acquires 12.5% Stake Of Viña San Pedro Tarapacá
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Grandall in Nanjing and Carey in Santiago have helped
China's Jiangsu Yanghe Distillery acquire a 12.5% interest in
Chilean wine-producer Viña San Pedro Tarapacá (VSPT)
for US$65 million.
Jiangsu Yanghe acquired the shares in a stock auction on 3
January, beating off competition from Chile's Grupo Luksic.
VSPT, one of Chile's largest wine exporters, is majority
owned by Chilean brewer CCU. Jiangsu Yanghe Distillery is
Asia's largest producer of the popular Baijiu liquor.
Chinese interest in Chilean wine producers has increased lately.
In May 2017, Yantai Changyu Pioneer Wine acquired three Chilean
vineyards from the Bethia Group for US$50 million.
Counsel to Jiangsu Yanghe Distillery
Grandall
Partner Feng Yuan and associates Hong Zha and Yuzhou Lu in
Nanjing
Carey
Partners Pablo Iacobelli and Alberto Cardemil, counsel Patricia
Silberman, and associates Ignacio Tornero, Arturo Poblete and
Sebastián Gazmuri in Santiago
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