The Chinese company Yantai Changyu Pioneer Wine, specializing in the production of wine, has signed an agreement with the Chilean group Bethia for the purchase of three vineyards in the South American country for $50 million

According to Chinese media, the transaction will be completed at the end of June after obtaining appropriate permits from the Chinese side. Currently, the Yantai Changyu Pioneer Wine owns vineyards in China, France, Italy and New Zealand, says "Xinhua".

According to experts, Chile will be the springboard for the expansion of Chinese winemakers on the South American continent.

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