Deal #9533
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
Intention of investment
- [current] Food crops
Comment on intention of investment
viticulture and winemaking
Nature of the deal
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
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
Implementation status
Implementation status
- [current] In operation (production)
Comment on implementation status
The project was operational before foreign investor(s) took over (see former use section)
Contract farming
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"