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Article: AUSTRALIAN VINTAGE IN MERGER TALKS WITH US WINEMAKER.
- Article from:
- AsiaPulse News
- Article date:
- November 2, 2009
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MELBOURNE, Nov 2 Asia Pulse - Winemaker Australian Vintage Ltd (AVL) (ASX:AVG) says it is in preliminary talks with US-based Constellation Brands Inc (CBI) on merging their Australian and UK wine operations.
AVL said on Monday the discussions were focusing on a possible merger of CBI's Australian and UK wine operations with AVL in exchange for a substantial, but non-controlling interest in the combined entity.
A merged entity would become a stand-alone wine company, and would be listed on the Australian ...