AUSTRALIA: Gartner Wines' assets put up for sale

By Tony Baker | 19 August 2002

One of the largest recent collapses in the Australian wine industry will result in the early sale of assets of Gartner Wines of Coonawarra in the south east of South Australia. This follows a decision to put Gartner Wines and about 10 associated companies into receivership. Receiver Bruce Carter of Ferrier Hodgson said the sale would include the new winery with a published value of A$30m (US$15.5m), built on a radical design in a former quarry.

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One of the largest recent collapses in the Australian wine industry will result in the early sale of assets of Gartner Wines of Coonawarra in the south east of South Australia. This follows a decision to put Gartner Wines and about 10 associated companies into receivership. Receiver Bruce Carter of Ferrier Hodgson said the sale would include the new winery with a published value of A$30m (US$15.5m), built on a radical design in a former quarry.

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