AUSTRALIA: Southcorp to handle own asset sale
Southcorp is to use an internal team to sell off around A$25m of assets, according to a report in the Australian Financial Review.
The paper said that the Australian winemaker had decided not to use investment bankers or wine industry brokers in a sales process that will include the disposal of the Waikerie winery in north-eastern South Australia and the Yenda winery near Griffith in NSW.
The disposals are part of an asset rationalisation that was announced in June.
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