Chile Winemaking, Retail Bring Investment Abroad to 14-Year High
Chile Winemaking, Retail Bring Investment Abroad to 14-Year High
Mar 7, 2012 6
(Bloomberg) - Chile’s direct investment abroad reached $5.82 billion in 2011, the highest level since 1997, as companies such as winemaker Vina Concha y Toro SA and industrial group Sigdo Koppers SA (SK) expanded overseas.
Foreign investment leaped 27 percent from 2010, the Foreign Relations Ministry said in a report posted on its website yesterday. Peru led the investment destinations with $1.16 billion, followed by Uruguay and Colombia with $950 million and $937 million respectively, the ministry said.
Concha y Toro, which makes the Casillero del Diablo brand of wine, last year completed its first U.S. acquisition, buying California winery Fetzer Vineyards.
Comments