CASTEL CLOSES IN ON UNWINS PURCHASE
Published: 23 July, 2008
Castel Frres, the major French wine producer and Oddbins' owner, is believed to be close to finalising the deal to purchase the beleaguered off-licence chain Unwins. As reported in Harpers (5 November), the combined estate would comprise approximately 700 units. The cost of the purchase is estimated to be 30 million. The proposed sale has dragged on and, although there have been rumours of another bidder, a source in the City said that with the necessary due diligence near to completion the deal with Castel was expected to be finalised shortly.
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