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Argentina: Eurnekian To Take Bodega Del Fin Del Mundo All Around Sai

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  • Argentina: Eurnekian To Take Bodega Del Fin Del Mundo All Around Sai

    ARGENTINA: EURNEKIAN TO TAKE BODEGA DEL FIN DEL MUNDO ALL AROUND SAID MUNDO

    La Nacion
    May 11, 2009 Monday

    Eduardo Eurnekian wants to become a major international player in
    the wine business and has acquired a 50% stake in Bodega del Fin
    del Mundo. The Argentinian impresario will look to take the bodega
    into (production in) the US, Morocco, Italy and Armenia, all places
    where he and his family boasts land (and vineyards). The alliance
    includes investment of $50USmil in promoting Neuquen wine around
    the world. Eurnekian has entered into Bodega del Fin del Mundo
    via his agricultural firm Unitec (run by Matias Gainza Eurnekian,
    aged 24). The bodega was founded by the family Viola and will see
    production expanded by a quarter to reach 10 million annual litres at
    its Neuquen base; it already exports 30% of production. Julio Viola,
    president of Bodega del Fin del Mundo, expects a 50% rise in sales
    this year from 2008 s turnover of $60Pesomil.
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