Moncigale: possible futures for Belvedere wine branch

Friday January 11 2013 by Vitisphere

In mid-December 2012, Belvedere Group announced that it received 12 takeover proposals, but these offers "would not pay the full amount Belvedere owes​ ​to its creditors". Former wine production branch of Casino, Moncigale is now a subsidiary of Belvedere. In receivership since June 2011, the Commercial Court of Nîmes will review a continuation plan on January 15. This continuation plan is autonomous from the Belvedere group. Takeover candidates are said to be interested by Moncigale, but none came forward yet

For its part, he Belvedere Group announced an Extraordinary General Meeting February 12, 2013 in Paris.

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