Costa Rica: HA&COM Confirms Deal with Florida

The company HA&COM Bebidas del Mundo has reaffirmed its interest in selling its wine division to Florida Bebidas (Fifco).

Friday, September 24, 2010

María Pía Robles, Corporate and Communications director for HA&COM, commented in an email to the La Nacion newspaper that the companies have been working on the deal for a year, which will see the HI Cuveé and Vinum Aura businesses sold to Fifco. Together these comprise some 85 different wine brands.

HI Cuveé and Vinum Aura are confident that the purchase will go ahead satisfactorily. It remains to agree the specific conditions of the sale-purchase agreement, María Pía Robles told Nacion.com.

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The Company Florida Bebidas (subsidiary of Fifco) is negotiating the purchase of HÅ&COM, Bebidas Del Mundo S.A.'s wine division.

Florida Bebidas announced the purchase to Costa Rica's securities regulator (Sugeval).

"In this case, the company informed that once the agreement with HA&COM Bebidas del Mundo is finalized it will purchase the companies HI Cuveé S.A. y Vinum Aura S.A.", reports Nacion.com.

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