WINE & THE STOCK MARKET - NOSIO, THE COMMERCIAL SECTOR OF THE MEZZACORONA COOPERATIVE IN TRENTO LISTED ON “MAC”, THE SMALL BUSINESSES STOCK EXCHANGE. GREEN LIGHT BY DECEMBER 7. MEZZACORONA’S NUMBERS...

Audio winenews.tv:

Nosio, the trading sector of Mezzacorona, one of the most important wine co-operatives in Italy, is listed on “Mac”, the fourth level of the stock exchange. We talked to Luca Rigotti, President of the group.



Important news in the wine world comes from the Trentino region, where Nosio, the trading sector of one of the largest wine cooperatives in Italy, Mezzacorona, has decided to be listed for trade on the Alternative Capital Market, MAC, the fourth level of the Stock Exchange. The green light is scheduled for December 7th at the shareholder’s meeting. The budget submitted to Consob shows a 2.3 million profit and Nosio’s willingness, explained President Luca Rigotti to WineNews, to ensure greater transparency for shareholders as well, of course, as finding new resources on the market to continue gaining market shares in Italy and abroad, where Mezzacorona already exports 80% of its production. 
 “This is the continuation of the project started in 1994 when Nosio Spa was founded”, says Rigotti, “but it is also an extra safety factor for our shareholders as the value of their shares will now be determined not only by Nosio’s internal exchange. If all goes well on December 7th, our shareholders will see the value of their shares confirmed and an opening to the outside, which is the philosophy that sets us apart: bringing other worlds to agriculture.

This means new resources will be available to finance our expansion plans in markets like China and Japan, promoting our products, without forgetting the traditional markets, first of all Germany. After the investment phase, we will now focus on the value of our brands”.

Nosio, the trading sector of one of the largest wine cooperatives in Italy, ended the year on September 1, 2011, with a profit of 2.3 million euros, equivalent to a 7 euros per share dividend to redistribute among the shareholders. The group’s sales, meanwhile, have reached a value of 99.57 million euros, up 0.66% compared to 2010 and the production value reached 105.12 million euros (+6.08%). Shareholders’ equity reached 78.26 million euros, an increase of 0.26%. The total net financial position, including cash and bonds for 15.79 million euros, has reached a value of 64.24 million euros.