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AUSTRALIA: Wine Investment Fund to go public?

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The International Wine Investment Fund is poised for a restructure. Members of the investment fund, Australia's biggest, will meet next month to discuss the shake-up plan which could see the organisation convert to a public company.

An information session will be held in Berri next month and a vote will be held in Adelaide soon after.

Chief executive officer designate Ian Macoun says currently investors own units in what is technically a unit trust.

"Going forward, investors will own shares in a company, as well as units in a trust, but the main thrust of the restructure is for the fund to become a more active investor in the global wine industry and this is all about increasing the returns for unit holders over time," he said.


Sectors: Wine

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