After two months of negotiations with the banks, the president of Provins Léonard Perraudin announces that he will pay the balance of the 2018 harvest and a first payment for that of 2019. The members will also be called before the summer to vote on the passage in a public limited company. Little known to the general public, the financier who presides over the largest winery in Switzerland has agreed to deliver his truths about the situation of the cooperative.
Léonard Perraudin, it took you two months of negotiations with the banks to get part of the vintage credit. Why has it been so long?
Because we had to start from scratch after the general assembly on December 12 refused to allow flexibility in terms of stock. By guaranteeing the last real estate pledge of the company, we were able to obtain a credit which allows us to pay the balance of the harvest …