The Beston Wine Industry Trust has seen its capital raising offer and prospectus oversubscribe and raise A$55m (US$40.6m). The offer was opened on 30 October and closed on 2 December.
Go deeper with GlobalData
Applications exceeded the A$55m offered so a scale-back was applied to non-unitholders and applications from unitholders made after 10 November.
The trust’s assets will exceed A$230m upon completion. The funds raised will be used for property purchases.
The trust has already purchased the Lawson’s and Richmond Grove vineyards in Padthaway SA and the Qualco East Vineyard in Waikerie SA. It will soon acquire eight of the 13 lots comprising the Balranald Vineyard in Balranald NSW.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
