Voss Water Sells Majority Stake to Reignwood Group

| January 12, 2016

Voss Water Sells Majority Stake to Reignwood Group
Reignwood Group, the parent company of Red Bull China, has acquired a majority stake in Voss. Voss of Norway announced the deal Monday, which The Wall Street Journal (WSJ) first reported as costing Reignwood approximately $105 million for slightly more than 50 percent of the premium bottled water brand. “This is another step in the Reignwood process of investing in leading worldwide brands that can satisfy the growing Chinese demand for trend-setting, premium products,” said Ms. Yasmin Lu, CEO of Reignwood FMCG (Fast Moving Consumer Goods) in a press release.

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