UK: Unwins moves closer to possible sale
Shareholders in the UK's Unwins Wine Group yesterday approved a resolution for changes to be made to the company's Articles of Association, which will help simplify a strategic review by the board that may result in the sale of the company.
Early in May, Unwins said its board was considering a sale of the business, although other options were also being considered.
Michael Lunn, chairman of Unwins, yesterday said: "I am pleased with the outcome of today's meeting. Now that shareholder approval has been obtained, the process of evaluating strategic options can be developed."
- Analysis - SABMiller to add bolt-ons in Africa?
- A-B InBev's Move on Tennent's Super Makes Sense
- India: Everyone's Favourite Spirits Market
- Brand Diversification Driving Craft Brewery Growth
- Analysis - Stock Spirits: Poland's number one
- Diageo scraps Arthur's Day, but singer left sad
- PepsiCo CEO sees "profound" change in US consumers
- William Grant sinks GBP185,000 into "No" camp
- SodaStream silent on John Lewis pullout in UK
- William Grant & Sons boosts Travel Retail team