AUSTRALIA: Vincorp to make SGW takeover announcement tomorrow

By just-drinks.com editorial team | 3 January 2001

Vincorp chairman Alan Boys said the company would "officially comment on the unsolicited offer" from Simon Gilbert Wines (SGW) of a A$7m takeover of Vincorp tomorrow after he had spoken to other members of the his board. Vincor sold its last winery asset last year, Victorian Virgin Hills, to Hope Estate and is essentially a shell company sitting on $5 million in cash with which it hopes to make other investments.

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Vincorp chairman Alan Boys said the company would "officially comment on the unsolicited offer" from Simon Gilbert Wines (SGW) of a A$7m takeover of Vincorp tomorrow after he had spoken to other members of the his board. Vincor sold its last winery asset last year, Victorian Virgin Hills, to Hope Estate and is essentially a shell company sitting on $5 million in cash with which it hopes to make other investments.

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