La Vis, step towards Cavit Ok of the shareholders to the board of directors for the sale of Cesarini Sforza and Casa Girelli

An unanimous approval from the members of the board of directors to make the most of the investee companies. This was decided yesterday by the assembly of the Lavis social cellar (La Vis sca) called to approve the point relating to Article 27, paragraph 8 of the Bylaws. This is the part of the regulation of the wine cooperative that talks, among other things, of the "management of social investments". To Pietro Patton (in the picture), president, and to the board of directors, therefore the partners have given mandate to sell at best the companies Cesarini Sforza and Casa Girelli.

So far yesterday's assembly. Now, with the new tile, the board of directors will be able to continue the complex operation, which should lead to the transfer of the two holdings, in agreement with the banks and Isa, in order to cancel the financial debts, maintaining the financing except for partners and business continuity.

The sale of the two companies, for which Cavit is named but also of extra-provincial companies (there was talk of the Cantina di Soave) as buyers, would allow La Vis to enter Cavit without financial debt, thus closing a path started in 2004 with the divorce between the two cooperative wineries. The Vis had then become the third pole of the Trentino wine, after Cavit and Mezzacorona, but had then had to suffer a series of problems on the front of the indebtedness that had brought her to suffer a difficult phase of commissioner.

During the meeting it was then highlighted how it is necessary to keep open the possibility of a legal action for compensation towards those past politicians and administrators who would with their actions caused a delay to the solution that is being presented.
That is the sale of the holdings and the return to Cavit, abandoning the ambitions of a third wine center to return to being a first-rate winery, with 80,000 quintals of wine delivered and its own specificity on some prestigious production lines.

The process should be completed within the first two weeks of November. And the group, which has approved the accounts in the board of directors, will go with a balance sheet profit.