- Release Date: 20/06/13 18:33
- Summary: ASSET: DGL: Acquistion of BVE
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DGL 20/06/2013 16:33 ASSET REL: 1633 HRS Delegat's Group Limited ASSET: DGL: Acquistion of BVE DELEGAT'S GROUP LIMITED COMPLETES THE PURCHASE OF THE ASSETS OF AUSTRALIAN WINEMAKER BAROSSA VALLEY ESTATE Delegat's Group Limited completed the purchase of the assets of Australian Winemaker Barossa Valley Estate Ltd (Receivers and Managers Appointed) on 19 June, for $A24.1million. Delegat's Group Managing Director Jim Delegat says "The price paid was slightly lower than previously stated due to final inventory adjustments. We are now in the final stages of completing a long-term business plan for Barossa Valley Estate and whilst this acquisition is a long term investment we believe that BVE will provide an opportunity for substantial future sales growth in the coming years". For further information contact: Jim Delegat Managing Director Delegat's Group Limited +64 9-359-7300 +64 21 886698 End CA:00237646 For:DGL Type:ASSET Time:2013-06-20 16:33:33
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Ann: ASSET: DGL: Acquistion of BVE
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