Following the successful closure of the Swiss group Hess’s bid for Peter Lehmann Wines, the prospect of the Australian wine company being taken private has been raised.
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Hess now holds 85% of PLW’s stock, with founder Peter Lehmann and his family controlling 10.7% and the balance in the hands of small shareholders.
Speaking yesterday Peter Lehmann said that although Hess had not spoken to him about it, he felt that a delisting from the Australian stock exchange was “the way it will go”.
He said: “To me, it would be pretty logical. The only thing is to protect the remaining shareholders who decided not to sell.”
PLW managing director Doug Lehmann said: “For the time being we will remain listed, but it is certainly an issue we will be discussing in the not too distant future.”
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