Seguin Moreau Parent Company's Largest Shareowner, ORPAR, Increases Its Stake in OENEO by 20 Million Shares.NAPA, Calif. -- Seguin Moreau, the world's leading supplier of fine oak wine barrels, announced today that ORPAR (controlling shareholder of Remy Martin), the largest shareholder of its parent company, OENEO, has increased its holdings in OENEO by more than 20 million shares as part of OENEO's latest stock subscription.(1) ORPAR, who currently holds 33% of OENEO's capital stock and voting rights Voting rights The right to vote on matters that are put to a vote of security holders. For example the right to vote for directors. voting rights The type of voting and the amount of control held by the owners of a class of stock. , also stated that it may seek to buy additional shares under this offering. Proceeds of this offering will finance part of OENEO's EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 15 million restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). investment in the firm's Closures and Barrels Divisions, including Seguin Moreau's U.S. operations. Funds from the sale of shares will also help to cement the refinancing Refinancing An extension and/or increase in amount of existing debt. agreement that OENEO struck with the company's banks in late December 2004.
(1) The full press release announcing the launch of this issue and
a prospectus comprising the reference document for OENEO,
filed with the AMF on February 17, 2005, number D-05-0128 and
a transaction notice authorised by the AMF, number 05-0502
dated June 3, 2005, are available on the AMF website:
www.amf-france.org, and also available free of charge at:
OENEO -- 123, avenue des Champs Elysees, 75008 Paris
Natexis Bleichroeder SA -- 100, rue Reaumur, 75002 Paris
About Seguin Moreau Napa Cooperage Seguin Moreau Napa Cooperage was established in 1995 with the construction of the Cooperage in Napa, California
Napa is the county seat of Napa County, California. It is the principal city of the Napa county Metropolitan Statistical Area, which encompasses Napa county. . The company employs approximately 50 people, 30 in Napa and 20 in Perryville, Missouri Perryville is a city in Perry County, Missouri, United States. The population was 7,667 at the 2000 census. It is the county seat of Perry CountyGR6. Governance Perryville has a Mayor/City Council form of government. , where the company owns and operates a wood yard. The U.S. subsidiary is part of Seguin Moreau France, based just outside of Cognac Cognac (kônyäk`), city (1990 pop. 19,932), Charente dept., W France, in Angoumois, on the Charente River. The French brandy to which Cognac gives its name has been manufactured and exported from the city since the 18th cent. . What began as a union of two family cooperages during the 1850s has become one of the world's largest, and most prestigious, quality oak barrel makers, selling to wineries throughout the world. Seguin Moreau is part of the barrel division of OENEO, a global leader in supplying value-added products to winemakers worldwide. |
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