News

AUSTRALIA: Cabonne raises A$8m in rights issue

Most popular

Campari and Cuervo - The next big spirits buy?

Spirits gift boxes will not be missed - comment

White spirits trying to ride hard seltzer craze

just-drinks speaks to William Grant's India head

Black Lives Matter - How brewers can change

MORE

Cabonne, the Australian winemaker, announced today that it had raised A$8.09m through a renounceable rights issue of ordinary shares. The company also plans to raise another A$12.5m with a placement of converting preference shares to exploit a strong demand in sales.
 
The success of the rights issue, the company said today, reflected the appreciation of the progress made by the company on its strategy of becoming a fully integrated multi-branded wine company with established international distribution channels.
 
The International Wine Investment Fund will be subscribing and/or underwriting the converting preference share placement to the extent of A$9m, Cabonne said.


Related Content

Where you should invest in 2020, what's the worst ever beer deal and why Vimto could be a 2020 no-no - The just-drinks Analyst

Where you should invest in 2020, what's the worst ever beer deal and why Vimto could be a 2020 no-no...

Campari Group switches M&A gear with registered office move proposal

Campari Group switches M&A gear with registered office move proposal...

"Company leaders really need to take a battlefield approach" - just-drinks speaks to Ross Colbert, K...

What's coming up in wine in 2020? - Predictions for the Year Ahead - comment

What's coming up in wine in 2020? - Predictions for the Year Ahead - comment...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?