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Provider: Reuters Investment Profile

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IDI SCA Announces Sale of Quinta Da Romaneira

Friday, 11 Jan 2013 02:15am EST 

IDI SCA announced that it sold Quinta Da Romaneira on December 31, 2012. The Quinta Da Romaneira vineyard is in the Douro valley in Portugal, and has an area of 400 hectares, of which 85 have been planted. The Quinta Da Romaneira group has been acquired by a private investor in partnership with its manager, Mr. Christian Seely. IDI SCA invested a total of EUR 11.8 million in Quinta Da Romaneira, and has now received a return of approximately 1.8 times this amount (2.8 on shares) with a global level of profitability (TRI) of 32%. 

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