CORRECT US billionaire Foley may buy Martinborough Vineyard

Sun, 02 Feb 2014

(Corrects second paragraph to show purchase would be through listed entity) Feb. 3 (BusinessDesk) - American billionaire Bill Foley may add to his wine interests in the Wairarapa region with the acquisition of pinot noir pioneer Martinborough Vineyard Estates. Foley, through NZAX-listed Foley Family Wines, hasn’t yet gone through the due diligence process and isn’t at the stage of agreeing a price for the Martinborough vineyard, said chief executive Mark Turnbull. The parties are aiming to complete the transaction by March 31. The business...

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