AUSTRALIA: Southcorp packaging sale delayed

By just-drinks.com editorial team | 21 December 2000

Australian wine giant Southcorp said today that the sale of its Asia Pacific packaging assets to Visy Industries has been delayed, due to regulatory and other approvals. Southcorp said a final transaction should now be completed in early 2001. A settlement had been due on December 31st this year.

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Australian wine giant Southcorp said today that the sale of its Asia Pacific packaging assets to Visy Industries has been delayed, due to regulatory and other approvals. Southcorp said a final transaction should now be completed in early 2001. A settlement had been due on December 31st this year.

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