12th October 2021 By Staff Reporter | email@example.com | @foodtickernz
Terra Vitae Vineyards says Villa Maria Estate will remain one of its cornerstone shareholders with a 21.89% stake following the completion of its sale to Indevin Group.
Terra Vitae added that its long-term supply and management agreement with Villa Maria also remained in place.
Indevin’s chairman and major shareholder, Gregory Tomlinson, has been appointed to the Terra Vitae board and would stand for re-election at the annual general meeting, which has been set for 29 November 2021 at the Villa Maria Auckland winery.
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