Yantai Changyu Pioneer Wine Company Limited (SZSE:200869) agreed to acquire additional 15% Dicot Partners, S.L from Gestion Ganuza S.L. and ComercialGatar, S.L. for €5.3 million on April 22, 2020. Under the term, Yantai Changyu Pioneer Wine Company Limited will acquire 2.5% and 12.5% stake in Dicot Partners from Gestion Ganuza S.L. and ComercialGatar, S.L. Post completion, Yantai Changyu Pioneer Wine Company Limited and Gestión Ganuza, S.L will hold 90% and 10% stake in Dicot Partners, S.L. For the year 2019, Dicot Partners reported revenue of CNY 292.4 million (€37.4 million) and net profit of CNY 19.4 million (€2.5 million). As at the end of 2019, it reported total assets of CNY 555.4 million (€71.1 million) and net assets of CNY 118.6 million (€15.2 million). The transaction was reviewed and approved by the board of directors of Yantai Changyu Pioneer Wine Company Limited on the fourth meeting of the eighth directorate held on April 22, 2020.