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Deal #9533 Version #87400

Georgia

Created at

2022-07-11

Last update

2022-07-11

Last full update

2022-07-11

Land area

Size under contract (leased or purchased area)

[current] 400 ha

Size in operation (production)

[current] 250 ha

Comment on land area

two-thirds of the contracted area is cultivated as vineyards ( 250 ha), 140 ha has yet to be planted to vine.

Intention of investment

[current] Food crops

Comment on intention of investment

viticulture and winemaking

Nature of the deal

Outright purchase

Comment on nature of the deal

the operating company holds freehold title to all its winery and vineyard asset

Negotiation status

Concluded (Contract signed)
[2011] Concluded (Change of ownership)
[2011, current] Concluded (Contract signed)

Comment on negotiation status

French beverage group Pernod Ricard bought a majority stake of GWS in 1997-199. In 2011, Pernod Ricard sold GWS to Marussia Beverages

Contract farming

Yes

Not on leased / purchased (out-grower)

Yes

Comment on contract farming

"GWS purchases 70% of its grape from outside growers, which in 2013 represented payments of GEL 5 million to small and medium sized farmers in the Alazani and Iori Valleys for 5,600 tons of grape. Depending on yield, quality and variety, GWS’s annual purchases from smallholders range from GEL2,500-GEL16,000 per hectare"