AUS: Evans & Tate to be sold off separately - report
Evans & Tate could be broken up and sold as three separate business, according to local press reports.
The company, which went into voluntary receivership last month, was cited by local press today (19 September) as saying it could be sold off piece by piece after 60 parties expressed an interest in its Western Australia operations.
Evans & Tate's receiver, Peter Anderson of McGrath Nicol, confirmed that several prominant industry players had already taken an interest and that the company's main winery assets would probably sell separately.
The company, which recently sealed a distribution deal with McWilliam's Wines, has seen a difficult few months, following the news that ANZ Bank, which was owed around A$100m from E&T, advised the group that it was no longer able to continue offering E&T financial support.
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