NZ: Lion Nathan denies Fosters in Montana deal

By just-drinks.com editorial team | 18 May 2000

New Zealand brewer Lion Nathan has snatched a 20 per cent share in the country's largest wine producer from under the noses of its Australian rival, Fosters.Lion Nathan this week bought a 19.9 per cent share of Montana Wines, in a lightning raid that caught industry analysts by surprise.It had been widely reported that the Australian giant was interested in buying a stake of the successful wine company, although rumours of a takeover were denied by both sides.

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New Zealand brewer Lion Nathan has snatched a 20 per cent share in the country's largest wine producer from under the noses of its Australian rival, Fosters.Lion Nathan this week bought a 19.9 per cent share of Montana Wines, in a lightning raid that caught industry analysts by surprise.It had been widely reported that the Australian giant was interested in buying a stake of the successful wine company, although rumours of a takeover were denied by both sides.

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