Riesling Ventures Secures Over 96% Stake in Viva Wine Group, Extends Offer Period

11:04 AM EDT, 08/31/2026 (MT Newswires) -- Riesling Ventures completed its recommended public cash offer for Viva Wine Group (VIVA.ST), securing 96.4% of the share capital and votes in the Sweden-based wine company. Riesling Ventures, a newly formed entity indirectly owned by a consortium comprising Late Harvest Wine Holding 1971, Vin & Vind and Legendum Capital, also extended the acceptance period of the offer to Sept. 11, according to a Monday release. The offer initially ended Aug. 28, with shares tendered until that date set to be settled on or around Sept. 4. Meanwhile, settlement for tendered shares during the extended period is expected to commence on or around Sept. 18. Riesling Ventures intends to begin compulsory redemption proceedings for the remaining shares it does not own in Viva Wine Group and delist the target company from Nasdaq Stockholm. The consortium, via Riesling Ventures, offered 38.5 kronor in cash per share for the wine company in June.