US EditionTWE completes acquisition of winery in China
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TWE completes acquisition of winery in China
Treasury Wine Estates (TWE) has finalised its acquisition of a 75 per cent stake in Stone & Moon Winery during a visit to China this week. The agreement was announced late last year with the equity deal reportedly worth around $27.5m at the time. The company’s board and CEO Tim Ford travelled to Ningxia, in north-central China, to take a tour of the facilities and participate in an official ceremony with local management and staff. “This partne…
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