Moscow Times
— Rustam Tariko, the owner of Russian Standard vodka, has increased his controlling share in the Italian winemaker Gancia and is expected to buy out the rest of the company in the near future.
Tariko increased his share in the family winemaker from 70 percent to 94 percent in July for 13.5 million euros ($18 million), business daily Kommersant reported.
The businessman, who also owns the Polish alcohol company Central European Distribution Corporation, plans to invest another 20 million euros in Gancia’s development over the next five years and eventually buy its remaining shares.
Russian Standard’s spokesman confirmed that their company had the right to purchase 100 percent control in Gancia, though they did not state deadlines for future transactions.
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The Moscow Times