Founded in 1942 by three families - the Guedes, the Carmo and the Correia da Silva, Sogrape's Carmo shares were purchased by Berardo in 2006.
The current sale ends Berado's goal of taking over the entire company of Sogrape, which has over 1,416ha of vineyards and which owns Mateus and Sandeman wineries, Bodegas LAN in Rioja and holdings in Jerez and Languedoc-Roussillon, and UK-based distributor Stevens Garnier.
Sogrape president and chief executive Salvador Guedes said the company was happy to get back their stake from Berardo.
"He was an important shareholder but he was a competitor, and it never felt right to have a competitor in the house," Guedes added.
