Following the successful closure of the Swiss group Hess's bid for Peter Lehmann Wines, the prospect of the Australian wine company being taken private has been raised.

Hess now holds 85% of PLW's stock, with founder Peter Lehmann and his family controlling 10.7% and the balance in the hands of small shareholders.

Speaking yesterday Peter Lehmann said that although Hess had not spoken to him about it, he felt that a delisting from the Australian stock exchange was "the way it will go".

He said: "To me, it would be pretty logical. The only thing is to protect the remaining shareholders who decided not to sell." 

PLW managing director Doug Lehmann said: "For the time being we will remain listed, but it is certainly an issue we will be discussing in the not too distant future."