Schlumberger majority sold to Sastre Holding for an undisclosed fee
Schlumberger, the Austrian sparkling wine and spirits group, has seen 51% of its shareholding sold to Switzerland-based Sastre Holding, Wirtschaftsblatt reported, citing an official statement. The article pointed out that the vendor is German spirits group Underberg. As previously reported, Underberg said that it wants to sell its 51% stake in Schlumberger earlier this year. No deal value was disclosed.
Wirtschaftsblatt noted that Sastre Holding is controlled by German/Swedish businessman Frederik Paulsen jun., who is looking to gain a foothold in the international sparkling wine and spirits market.
Schlumberger has a market cap of EUR 41.4m.
Source Wirtschaftsblatt