New name for Sabaté Diosos

Sabaté Diosos, the France-based wine barrel and closures manufacturer, has said that it is to rename the company to reflect greater unanimity for its brands.M

The company has said that announces that at its next shareholders meetingwhich is to take place on 18 June 2003 in Paris, it will propose a new name for the Group to reflect its position as world leader forvalue added products and services for the wine market.

By adopting the name Oeneo, the group says it will be paying tribute to the original crafts and the know-how of its teams, and providing a new more unified identity for its brands, positioning itself as the reference partner for the wine professionals on the international markets.

The company says that the resolution, which will be submitted to the group's shareholders for approval, is the logical follow up of actions and decisions made by the Management since April 2002, when the company streamlined its operations in an effort to improve profitability.

All the proposed resolutions to be submitted to the shareholders meeting,including the increase in capital, will be published in the Bulletin des Annonces LégalesObligatoires (Bulletin of Mandatory Legal Notifications), available from the the company upon request.

Present in all world-wide wine-producing regions, Sabaté Diosos​ is the only international group to offer a range of valueadded products and services to the wine market.World leader in oak barrel making for winesN°2 in closures sector.