Record revenues for wine producer Antinori, which secured a half-billion euro maxi financing to acquire the prestigious California-based Stag's leap wine cellars. In 2022, the Palazzo Antinori holding company had consolidated revenues of €333.8 million (+19 percent) and Ebitda of €149.2 million (+32 percent). The holding company includes some financial activities as well as various wine businesses, including control of the leading profitability wineries, namely Jermann and Biserno. This summer Antinori California acquired the remaining 85 percent of Stag's Leap Wine Cellars, two vineyards and a winery in Napa Valley. The company has a turnover of $80 million. The maxi-transaction was financed through Marchesi Antinori's own means, with a seven-year $345 million loan taken out with Intesa Sanpaolo, CDP and BNL, a $150 million bond underwritten by Pricoa Private Capital, and €10 million from Simest and Maeci. The debt should be repaid without problems by the Tuscan group, thanks to its high profitability and solid financial situation: last December it counted on a net worth of €1.3 billion. In Tuscany alone, the Antinori family controls 1,800 hectares and is present in Italy's most renowned areas: Franciacorta, Barolo and Barbaresco, Umbria, Friuli and Puglia. Not to mention the holdings abroad.
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