Chilean wine exporter, Vina Concha y Toro, will acquire Fetzer Vineyards and related assets in California from Brown-Forman. Vina Concha y Toro is expected to pay about $238 million for the winery.
The transaction is expected to be completed by April 2011. Deutsche Bank acted as financial advisor to Concha y Toro on the transaction.
Click here for the release from PR Newswire.