UK: Margaret River to raise £10m for aggressive growth plan

By Sarah Diston | 14 May 2001

Australia's Margaret River Wine Production is looking to raise £10m ($14.3m) through a private placing to fund an aggressive growth programme. A report by The Daily Mail newspaper also claims that Margaret River, set up three years ago is now one of Australia's fastest-growing wine producers and is looking to float the company in the UK within the next 12 months, a move which could value Margaret River at more than £100m.

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Australia's Margaret River Wine Production is looking to raise £10m ($14.3m) through a private placing to fund an aggressive growth programme. A report by The Daily Mail newspaper also claims that Margaret River, set up three years ago is now one of Australia's fastest-growing wine producers and is looking to float the company in the UK within the next 12 months, a move which could value Margaret River at more than £100m.

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