AUSTRALIA: WIF and Dromana to acquire David Traeger winemaking business
By just-drinks.com editorial team | 13 August 2002
Australia's Wine Investment Fund announced today that it is to acquire the David Traeger winemaking business in an agreement with Dromana Estate Limited. Dromana Estate will acquire 80% of the business and the Wine Investment Fund 20%. The previously announced arrangement to establish a joint venture to produce wines under David Traeger labels will now not proceed.
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Australia's Wine Investment Fund announced today that it is to acquire the David Traeger winemaking business in an agreement with Dromana Estate Limited. Dromana Estate will acquire 80% of the business and the Wine Investment Fund 20%. The previously announced arrangement to establish a joint venture to produce wines under David Traeger labels will now not proceed.
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