VINO - EXCLUSIVE: e-Commerce Marketplace Gaucho Group To Divest Real Estate To Maximize Stockholder Value | Benzinga
Gaucho Group Holdings Inc (NASDAQ: VINO) is planning to list two of its retail properties in Argentina, in San Rafael and Cordoba, for sale, priced at $2 million and $0.7 million respectively.
The company is considering the strategic move in order to accelerate the stockholder value.
The divestment of these real estate assets will help the company to focus on its primary ventures, notably Algodon Wine Estates, which has a revenue potential of about $80 million in the coming years.
If the sale is successful, Gaucho ...