AUSTRALIA: Hardy hints at German acquisition

By just-drinks.com editorial team | 12 March 2002

The Australian wine giant BRL Hardy suggested today that it may invest in a large German distribution company as a means to drive sales in that country.   In an interview on Dow Jones newwires, BRL Hardy Managing Director Stephen Millar said the company has a shortlist of potential candidates, however, it will probably be a couple of years before a deal is secured.  He said a possible scenario was a 15% stake in a distributor with "real clout".

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The Australian wine giant BRL Hardy suggested today that it may invest in a large German distribution company as a means to drive sales in that country.   In an interview on Dow Jones newwires, BRL Hardy Managing Director Stephen Millar said the company has a shortlist of potential candidates, however, it will probably be a couple of years before a deal is secured.  He said a possible scenario was a 15% stake in a distributor with "real clout".

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