AUSTRALIA: Palandri fails to find funding for acquisition
By Tony Baker | 19 June 2001
The recently established and high profile West Australian winery Palandri has failed in a bid to buy one of the state's Margaret River region producers, Amberley Estate. Palandri's lawyer, Mr Gus Irdi, quoted in the daily Australian Financial Review, said it had failed to secure anticipated funding from London institutions but remained confident of raising the capital for this purchase and that of two other wineries in South Eastern Australia.
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The recently established and high profile West Australian winery Palandri has failed in a bid to buy one of the state's Margaret River region producers, Amberley Estate. Palandri's lawyer, Mr Gus Irdi, quoted in the daily Australian Financial Review, said it had failed to secure anticipated funding from London institutions but remained confident of raising the capital for this purchase and that of two other wineries in South Eastern Australia.
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