AUSTRALIA: Banskia acquires Hillstowe for $A4m

Five months after listing on the Australian Stock Exchange, Banksia Wines has bought the Adelaide winery Hillstowe for $A4 million ($2.08m). The only physical asset was Hillstowe's inventory valued at $A1 million ($0.77m), with the balance paying for the brand and goodwill. Banksia Wines, also Adelaide based, already has the Tatachilla and St Hallett labels.

May 10, 2001

The only physical asset was Hillstowe’s inventory valued at $A1 million ($0.77m),
with the balance paying for the brand and goodwill. Banksia Wines, also Adelaide
based, already has the Tatachilla and St Hallett labels.

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