Shareholders of the Australian Simeon Wines have almost unanimously agreed to merge with Brian McGuigan Wines.

The listed merged group will be worth A$400m (US$220m).

Some 99% of shareholders voted for the merger leaving one final hurdle to be cleared, approval by the South Australian Supreme Court at a hearing next week.

The merged company is forecasting an after tax net profit of A$34.2m for the 2002-03 financial year.