Riesling Ventures secures 96.4% of Sweden's Viva Wine Group in takeover

What's the deal? Riesling Ventures ABDealroom has a profile for this one. Try Dealroom →, acting for a three-party consortium, has declared its recommended public offer for Sweden's Viva Wine Group ABDealroom has a profile for this one. Try Dealroom → unconditional after securing roughly 96.4% of the company's share capital and votes. The offer was announced on June 29, 2026, and all completion conditions are now satisfied.

How the stake breaks down: Shareholders tendered 30,115,595 shares during the acceptance period that ended August 28 — about 33.6% of the company. Combined with 56,277,853 shares already controlled by the consortium and contributed to the offeror, the total reaches 86,393,448 shares.

Who's behind it? The consortium comprises Late Harvest Wine Holding 1971 ABDealroom has a profile for this one. Try Dealroom →, Vin & Vind ABDealroom has a profile for this one. Try Dealroom →, and Legendum Capital ABDealroom has a profile for this one. Try Dealroom →, operating through Riesling Ventures as the offeror.

What happens next? Settlement for shares tendered by August 28 is due on or around September 4. The offeror has extended the acceptance period to September 11 at 17:00 CEST to let remaining shareholders tender, with settlement for that tranche expected around September 18.

Why now? With more than 90% of the shares secured, the offeror clears the threshold that typically enables a compulsory squeeze-out of remaining holders and a path to delisting. It will also request that Viva Wine Group's board convene an extraordinary general meeting to elect new directors.

The signal: Taking a listed wine group private consolidates ownership under a single consortium, removing minority shareholders and public-market scrutiny as the new owners reshape the board and steer strategy.

Read more: news.cision.com

Image credit: Willscrlt