Russian winery Abrau-Durso plans to aggressively extend its asset volume through purchases, CEO Pavel Titov said.
“We plan to show a quite aggressive behavior on the market. We want to continue merger and acquisition deals”, Titov said.
Earlier in August, Abrau-Durso bought bankrupt winery Russkaya Loza for 190.35 million rubles.
Titov also said that the wine maker planned to raise sales by 12% in real terms in 2016. He also said that the company expected a higher net profit this year.
“The rate (of the ruble) has stabilized and we have seriously worked on the loan portfolio”, he added. (Prime/Business World Magazine)