May 25, 2017 / 7:59 AM / 2 months ago

BRIEF-Yantai Changyu Pioneer Wine plans Chile JV, to acquire stakes in wine makers

1 Min Read

May 25 (Reuters) - Yantai Changyu Pioneer Wine Co Ltd

* Says it plans to sign agreement with Lambo Spa to set up JV Indomita WineCompany Chile, Spa

* Says newly set up JV plans to acquire stakes in three wine makers for $48.0 million

Source text in Chinese: bit.ly/2rClRDJ

Further company coverage: (Reporting by Hong Kong newsroom)

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