The privately-owned Swiss company, Hess Group AG, has matched the enhanced offer for Australian wine company, Peter Lehmann Wines (PLW), lodged by Allied Domecq yesterday.

Hess has raised its unconditional offer for PLW from A$3.85-per-share to A$4.00 which means both companies are now offering A$149m (US$103m) for the Barossa Valley wine producer. Yesterday, Allied removed the condition of gaining acceptances for 51% of PLW shares from its A$4.00-per-share offer.

The PLW board had previously recommended the lower Hess offer on account of the fact that the Allied bid, although higher, had conditions.