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Villa Maria Estate set to be sold to Indevin
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Rabobank and ANZ have appointed Calibre Partners as the receivers of the holding company, FFWL, but the value of what is owed to creditors is not yet known, and will be made public when the receivers report is published in a couple of months time.
One of its receivers, Brendon Gibson, stressed the receivership did not affect Villa Maria s domestic or international business which continues to trade profitably.
He said it was no secret that Villa Maria had been looking for a new investor for some time now, and the receivership was seen as a way to bring the sales process to a conclusion.
Sir George Fistonich s parent company of Villa Maria in receivership
18 May, 2021 05:24 AM
2 minutes to read
Sir George Fistonich founded Villa Maria Estate winery in 1961. Photo / Brett Phibbs
The parent company of New Zealand wine business Villa Maria Estate has been placed into receivership.
Brendon Gibson and Neale Jackson of Calibre Partners confirmed today that they had been appointed as receivers to FFWL Limited.
FFWL is 100 per cent owned by Sir George Fistonich, the founder of Villa Maria.
Gibson stressed that the receivership of the parent company would not have an impact on the winery or any of its international subsidiaries.
Sir George Fistonich's parent company of Villa Maria in receivership
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