HAWESKO acquires a majority stake in Wein & Vinos
The stock exchange listed wine merchant HAWESKO (annual sales EUR 380 mio) has acquired a 70 % stake in his Berlin based competitor Wein & Vinos. BMH Bräutigam & Partner has advised the shareholders of Wein & Vinos in this transaction.
Wein & Vinos is specialising in Spanish wines and is the leading e-commerce wine merchant in Germany with seven shops in Berlin and Munich. Wein & Vinos had annual sales of EUR 17 mio in 2010 with a 50 % growth in each of the past three years. The two managing shareholders of Wein & Vinos will stay with a minority stake in the company and will continue to manage it.