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Italy: A wine giant is born

Par Vitisphere Le 06 janvier 2009
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Italy: A wine giant is born

The number 1 Italian wine company, Gruppo Italiano Vini (GIV) is from now on the property of two of its initial shareholders. Wine cooperatives of Riunite, in Emilia, and Modena-based CIV have merged in September and bought out the other shareholders. GIV has thus become a giant in the wine world, with an estimated turn over of €450m (£423m, US$627m).

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