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Repaired Agreement
27. July 2018 3:15 pm;
Law: 27.07.2018 15:15
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Now it is settled: The German company Hawesko Holding AG buys the Austrian company Wein & Co.
Wine & Co is for sale. (Photo: picturedesk.com)
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Hawesko Holding AG of Hamburg (Germany) swallows wine & Co. The company announced in a press release on Friday.
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With this step, the Hawesko Group completes its wholesale business in Austria under the Wein Wolf brand for 20 years. ] Wein & Co has achieved a turnover of approximately 43 million euros during the fiscal year 2016/17. The first consolidation of the Austrian company should take place from 1 October 2018. The Board of Directors of Hawesko expects at a single integration cost of one million euros, which It is not yet budgeted for 2018.
The transaction is subject to the approval of regulatory authorities and other customary closing conditions. The transaction is expected to close at the beginning of the fourth quarter of 2018.
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