Verdant IMAP advises UK PE firm on the sale of Ethiopian wine producer

Awash Wines is one of the oldest and most established wine producers in Ethiopia.

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Verdant IMAP has advised a UK private equity firm on the sale of Awash Wines, a leading Ethiopian wine producer, to a strategic investor consortium.

The sale represented an 89% interest in Awash Wines.

Founded in 1936, Awash Wines is one of the oldest and most established wine producers in Ethiopia, known for its range of quality wines, including the popular Axumit, Gouder, and Awash brands. The company has a rich history and has been instrumental in shaping the Ethiopian wine industry.

Terms for the transaction were not disclosed.

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