Changyu Pioneer Sells French Wine Unit for 4.8 Million Euros

Trading View
2025.06.10 08:50
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Yantai Changyu Pioneer Wine agreed to sell its 100% stake in French cognac producer Etablissements Roullet Fransac and related real estate to Elior Group for 4.8 million euros. The deal marks a shift in focusing on the winemaker's domestic premium Koya brand, according to a Tuesday filing with the Shenzhen bourse. Etablissements Roullet Fransac, acquired in 2013 for 3.6 million euros, posted a loss of 23,921 euros in 2024. Shares of Changyu Pioneer closed 2% lower Tuesday.

Yantai Changyu Pioneer Wine agreed to sell its 100% stake in French cognac producer Etablissements Roullet Fransac and related real estate to Elior Group for 4.8 million euros.

The deal marks a shift in focusing on the winemaker's domestic premium Koya brand, according to a Tuesday filing with the Shenzhen bourse.

Etablissements Roullet Fransac, acquired in 2013 for 3.6 million euros, posted a loss of 23,921 euros in 2024.

Shares of Changyu Pioneer closed 2% lower Tuesday.

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