Aus: Australia's Wine Fund closes on potential FF40m deal in Chablis
The Fund - to be renamed The International Wine Investment Fund from tomorrow (Wednesday) - is planning to eventually lift the investment to FF40m.
The investment is likely to be the Fund's first since a controversial major restructure, opposed in its initial forms by institutional investors, earlier this year.
The Fund, which is BRL Hardy's major shareholder with 13% of the stock, is also close to finalising a $A5m investment which will give it a 10% stake in the recently merged Tatachilla-St Hallet winery.
It is also about to invest another $A5 million in five vineyards in four States. The Fund has also redeemed $A6m of convertible notes in Australia's dominant fruit juice producer, Berri Ltd, and is preparing to shed its stakes in Chiquita Brands South Pacific and almond producer Select Harvests.
- Paddy Irish whiskey - The Facts
- A-B InBev and its SABMiller divestments - Focus
- SABMiller in Cent'l & E Europe - What is for sale?
- Is the wine industry confusing its consumers?
- Where does AB InBev see the future of beer?
- Pernod Ricard to widen Our/Vodka sales reach
- Leonardo DiCaprio joins Runa drinks board
- Remy Cointreau names new Travel Retail exec
- Pernod in talks to sell Paddy whiskey to Sazerac
- US wholesalers point to Absolut decline - report
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends
- Global travel retail insights - market forecasts, product innovation and consumer trends
- Global non-Scotch whiskies insights - market forecasts, product innovation and consumer trends
- Consumer and Market Insights: Spirits Market in the US
- Carbonates in India