Chief executive Víctor Urrutia said the purchase would boost the company’s prospects of becoming Spain’s ‘most important winery’
Bodegas La Val is based in Salvaterra de Miño, which is located in the Condado do Tea sub-region of the Rías Baixas Denominación de Origen
and it was the driving force behind the creation of the Rías Baixas DO three years later
La Val is renowned for its pioneering work in promoting Albariño on a global basis
and it also grows two other native varieties: Loureiro and Treixadura
The vineyards straddle the banks of the Miño river
which give the wines their unique characteristics
the 13ha Taboexa vineyard and the 5ha Porto vineyard
and it only produces wines from its own grapes
Exports account for 70% of sales at La Val
which was run by Fernando Bandeira and Antonio Ruiloba until this sale to CVNE
The Rioja-based group – whose full name is Compañía Vinícola del Norte de España – already has operations in Rioja, Ribera del Duero
Viña Real and Viñedos del Contino in Rioja
Each estate produces a different style of wine from distinct terroir
Urrutia said: ‘CVNE is a national treasure and our objective is to be Spain’s most important winery
Buying La Val will help us consolidate this objective.’
CVNE is still run by the descendants of founders Eusebio and Raimundo Real de Asúa
Rioja wine group Compañía Vinícola del Norte de España (CVNE) has bought Bodegas La Val for an undisclosed sum
bringing its portfolio up to eight wineries across Spain
Compañía Vinícola del Norte de España (CVNE) has formalised the acquisition of Bodegas La Val
and in doing so adds a Rías Baixas winery into its fold for the first time
Based in the small town of Salvaterra de Miño
Bodegas La Val is the eighth winery to join the Spanish group and brings with it a wealth of expertise in Albariño
meaning that the grape variety will now be incorporated into CVNE’s offering
La Val was also one of the driving forces behind the creation of the Rías Baixas appellation in 1988 and is a well-known brand in the region
It produces wines only from its own vineyards
which currently span more than 90 hectares
All fruit is hand harvested from vines as old as 30 years
and the winery increasingly favours natural winemaking techniques
La Val led a research project into the viability of replacing harmful fungicides with nano-particles in the vineyard
Its soils are mostly sandy loam with some clay and a smattering of pebble stones
The winery also makes a range of liquors made from grape husks
including a coffee liquor and a herb liquor
which was founded in 1879 in the Rioja Alta town of Haro
already owns wine estates in the D.O.Ca Rioja
Among the group’s roster of properties are Viña Real and Contino in Rioja; Virgen del Galir in Valdeorras; Bela in Ribera del Duero and Roger Goulart in Cava
“Our objective is to be Spain’s most important winery,” said Víctor Urrutia
“Buying La Val will help us to consolidate this objective.’’
The fact that La Val allocates 70% of its sales to export markets means that with CVNE’s muscle power
we could soon be seeing significantly more premium Albariño arriving in the UK
We are using cookies to give you the best experience on our website
You can find out more about which cookies we are using or switch them off in settings
This website uses cookies so that we can provide you with the best user experience possible
Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful
Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings
we will not be able to save your preferences
This means that every time you visit this website you will need to enable or disable cookies again
The Lotto-Belisol rider sprang clear of the field with a little more than four kilometres of the 180.5km run from Salvaterra de Miño to Cangas de Morrazo and built a big enough margin to hang on to the finish line
When the pack followed over the line five seconds later
Giant-Shimano’s John Degenkolb took second to reinforce his hold on the points leader’s jersey
There were no major changes in the general classification before Saturday’s big climbing day, with Tinkoff-Saxo’s Alberto Contador leading Team Sky’s Chris Froome by 1min 19sec, and Movistar’s Alejandro Valverde a further 12 seconds back.
The largely flat stage 19 was punctuated by two category two climbs late on, giving hope for a breakaway success, and Laurent Mangel (FDJ), Pim Ligthat (Lotto-Belisol) and Wouter Poels (Omega Pharma-Quick Step) were those who chanced their hand as they went clear 25km in.
Their lead approached three and a half minutes on the first of the two climbs, but quickly fell on the descent and they had been reeled in before the start of the second.
Astana’s Alexey Lutsenko attacked on the second climb, with wet roads leaving the peloton nervous, and he reached the summit around 10 seconds clear. BMC’s Sammy Sánchez tried to catch him on the descent, but the treacherous surface made conditions difficult and there was a frightening fall for Sky’s Dario Cataldo, who appeared to slide into a tree, but eventually climbed back on to his bike.
Lutsenko’s slim advantage held until the 5km mark, and soon after he was swallowed up. Hansen made his move and with others still jockeying on the front of the pack, he had an 11-second lead with a kilometre to go and was able to ease up and enjoy the second Grand Tour stage win of his career.
The Vuelta enters the final weekend, with Saturday’s stage full of climbs on the way to the summit finish at Puerto De Ancares before Sunday’s brief individual time trial could offer a sting in the tail.
Nara Fernández Groba (25 March 2008) is the new addition to As Celtas’ forward line. Born in Salvaterra de Miño, the 16-year-old will reinforce the Celtic team’s attack.
Coming from Lóstrego CF where she played last season, she started her career in Porriño Industrial where she played from benjamines to cadets. On the other hand, she has been called up with the Galician national team being Champion of Spain Silver Phase 2022/2023 and Runner-up of Spain Gold Phase 2021/2022.
RC Celta welcomes this young promise that will bring talent, skill and strength to the forward line of As Celtas.
ABC NewsAdam Hansen wins 19th stage of Tour of Spain
Alberto Contador retains overall leadShare Adam Hansen wins 19th stage of Tour of Spain
Alberto Contador retains overall leadTopic:Cycle Sport
Adam Hansen celebrates as he crosses the finish line to win the 19th stage of the Tour of Spain. (AFP: Jaime Reina)
Link copiedShareShare articleAustralian Adam Hansen timed his attack to perfection to win the 180.5km 19th stage of the Vuelta a Espana from Salvaterra do Mino to Cangas do Morrazo on Saturday.
The 33-year-old Lotto-Belisol rider took off with just over 4km remaining and held off a charging peloton to win by five seconds to German John Degenkolb and Italy's Filippo Pozzato.
Spain's Alberto Contador maintained his race lead of 1min 19sec over last year's Tour de France winner Chris Froome as both came home safely in the reduced pack.
Asked if he was surprised at his victory, Hansen was in a light-hearted mood.
"I'm real insulted," he joked. "It's OK, it was a very tough stage and it was a big surprise that's for sure.
"I wanted to do something and for sure all the sprinters were annihilated which was good for me.
"I thought at the very end I could do something. I went for it and although I didn't get too far in front I held on, so surprise, surprise.
"I've won a Giro stage, now a Vuelta stage, it's coming together and I'm very happy."
Contador admitted he was inching ever closer to a third Vuelta triumph with just two stages remaining.
Behind Froome, another former Vuelta winner Alejandro Valverde is at 1min 32sec with Joaquim Rodriguez at 2:29 and Fabio Aru 3:15 back.
Sunday's penultimate stage is the main danger for Contador with four categorised climbs over the 185.7km run from Santo Estevo de Ribas de Sil to Puerto de Ancares, including the 12.7km hors category finish with an average gradient of 8.7 percent and one part reaching 18 percent.
Stars arrive at Met for fashion's biggest nightLIVE
CNN and the BBC World Service which is copyright and cannot be reproduced
AEST = Australian Eastern Standard Time which is 10 hours ahead of GMT (Greenwich Mean Time)