Viva Wine Group has received a takeover offer from Riesling Ventures, a vehicle set up by the wine group's three largest shareholders, which includes the company's CEO.
Riesling Ventures is offering Skr38.5 ($3.96) per share in cash.
The consortium is comprised of Late Harvest Wine Holding 1971, owned by Viva Wine Group's CEO Emil Sallnäs; Vin & Vind, owned by senior adviser Björn Wittmark and family; and Legendum Capital, owned by board member and business development director John Wistedt.
On LinkedIn, CEO Sallnäs said the company's founders were creating "a bid to go back to private ownership".
The offer, which values the Stockholm-listed company at about Skr3.45bn, is a 38% premium to Viva Wine Group's closing price on 26 June, the consortium said in its statement today (29 June).
Riesling Ventures is offering Skr38.5 ($3.96) per share in cash.
The consortium is comprised of Late Harvest Wine Holding 1971, owned by Viva Wine Group's CEO Emil Sallnäs; Vin & Vind, owned by senior adviser Björn Wittmark and family; and Legendum Capital, owned by board member and business development director John Wistedt.
On LinkedIn, CEO Sallnäs said the company's founders were creating "a bid to go back to private ownership".
The offer, which values the Stockholm-listed company at about Skr3.45bn, is a 38% premium to Viva Wine Group's closing price on 26 June, the consortium said in its statement today (29 June).
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