AdVini Acquires Part of Cordier by InVivo for 11.5 Million Euros
The wine group AdVini and Cordier by InVivo have signed a binding memorandum of understanding concerning the acquisition of part of Cordier by InVivo's activities. This transaction, valued at approximately 11.5 million euros, is part of a strategy to consolidate the wine sector.
Details of the Acquisition
AdVini acquires part of the activities of Cordier by InVivo through contributions in shares of subsidiaries, business assets, and cash, for a total value of about 11.5 million euros. In return, Cordier by InVivo receives an issue of new AdVini shares as well as self-held shares valued at 35.20 euros each. This transaction gives Cordier by InVivo a stake of approximately 7.8% in AdVini's capital. Additionally, the InVivo Group will have representation on AdVini's Board of Directors, with the appointment of Thierry Blandinières, which must be approved at an extraordinary general meeting. A shareholders' agreement will also be concluded between InVivo and the controlling shareholders of AdVini.
Approval and Future Steps
AdVini's Board of Directors has already approved the operation. However, it remains subject to the appointment of a contribution auditor and the approval of an Extraordinary General Meeting, scheduled for April 30, 2026. This governing body will have to decide on the approval of the contributions, the planned capital increases, and the appointment of Thierry Blandinières, representing the InVivo Group, to the Board of Directors.
Strategic Benefits of the Merger
The operation is based on the complementarity between the brands, product ranges, and commercial networks of the two groups. The merger will allow AdVini to accelerate its growth, develop its positioning in sparkling wines and low-alcohol wines, and strengthen its international presence. Cordier by InVivo manages a viticultural base of 29,000 hectares spread between Bordeaux, the South-West, Languedoc, Roussillon, the Rhône Valley, and Beaujolais.
