--FILE--un client des magasins pour une bouteille de vin rouge sec Changyu dans un supermarché à Beijing, Chine, 27 avril 2014. Yantai Changyu Pioneer Wine Company
--FILE--A customer shops for a bottle of Changyu dry red wine at a supermarket in Beijing, China, 27 April 2014. Yantai Changyu Pioneer Wine Company Ltd, a leading winery based in Xinjiang Uygur autonomous region, is planning to take a 75 percent stake in the Spanish wine maker Dicot Partners SL, which officials said will help the Chinese firm globalize its brand portfolio. The company is set to spend a total 26.25 million euros ($29.5 million) on the acquisition. The stake is being bought from Spanish firms ComercialGatar and Gestion Ganuza, both of which will be left with equal shares of the remaining 25 percent of the business. Dicot Partners is considered among the top five Spanish wine producers. It has annual capacity of 16, 000 metric tons, spread across seven wine brands. Over half of its revenue is from exports, just 1 percent of which is sold in China. Sun Jian, Changyu's deputy general manager, said the takeover - based in Rioja, the heart of one of Spain's leading grape growing regions - is part of the company's efforts to grow its international sales.
