The Swiss company, Hess Group AG, has been granted approval by the Australian Foreign Investment Review Board (FIRB) for its A$3.50-a-share cash takeover bid for Barossa Valley wine producer, Peter Lehmann Wines Ltd. (PLW).
A bidder’s statement regarding the Hess offer is expected to be sent to PLW shareholders on or around 19 September.
However, with a counter offer from Allied Domecq a distinct possibility, the PLW board has advised shareholders to take no action in relation to the Hess bid.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Just Drinks Excellence Awards - Nominations Closed
Nominations are now closed for the Just Drinks Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.
Excellence in Action
De Kuyper Royal Distillers’ De Kuyper Batched 0.0% range has won both Innovation and Product Launches honours in the 2025 Just Drinks Excellence Awards. Learn how these premium, non-alcoholic RTD cocktails help operators serve consistent, bar-quality drinks while tapping fast-growing demand for sophisticated alcohol-free options.
Discover the Impact
