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Trade and private equity buyers being sounded out for Villa Maria Estate
1 Feb, 2021 12:10 AM
2 minutes to read
Sir George Fistonich, founded Villa Maria Estate winery in 1961. Photo / Brett Phibbs
Trade and private equity buyers are being approached to either buy or invest in winery Villa Maria Estate.
Investment bank UBS has been mandated for the search and has a handful of interested parties, according to a report in the Australian Financial Review s Street Talk column.
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But a sale of the entire business would be a step up from that.
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The AFR reported that potential buyers believe it could be worth more than A$200 million ($213m), although binding bids were still a while away.