Febvre Announces Sale Of Share In French Subsidiary

Irish wine importer Febvre & Company Limited today announced the sale of its 99.79% shareholding in French subsidiary, Paul Sapin SA. The shares' purchaser is Les Grand Chais de France, the second largest producer and number one exporter of French wines around the world.

Febvre acquired its controlling interest in Paul Sapin SA in 1999. Since then it has overseen the wine specialist's development and growth. Febvre hopes the sale of its shareholding will allow the company to focus on its core activities in Ireland.

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