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AUSTRALIA: IWIF sells percentage of BRL Hardy stake

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Australia's listed wine investment company International Wine Investment Fund has sold down its stake in the BRL Hardy group from 12.5% to 11%. BRL Hardy's price is trading at a two and a half year low. IWIF, BRL Hardy's largest shareholder, said, however, it was not disaffected with its investment and had an option to restore the 12.5% at various prices over the next two and a half years.


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