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AUSTRALIA: Southcorp will merge with Rosemount to create A$1bn wine giant - paper

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Australia's second largest winemaker Southcorp is set to merge with the privately-owned Rosemount Wines in a A$1 billion deal, the Australian Financial Review reported today. Rosemount is the fifth largest Australian winemaker and the new company will be the country's largest wine producer with sales of around A$1.3bn.


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