Foley Family Wines plans to issue 2.03m shares to Lion NZ to partially fund Mt Difficulty Wine purchase

Mon, 21 May 2018

By Rebecca Howard May 22 (BusinessDesk) - Foley Family Wines has entered into a conditional agreement to issue 2.03 million shares to Lion - Beer, Spirits & Wine (NZ), the local unit of Japanese brewer Kirin Holdings, to partially fund its $55 million acquisition of Mt Difficulty Wines. It also plans to make an offer to existing retail shareholders through a share purchase plan. "Having Lion becoming an important stakeholder in FFW NZ is a fantastic next step in our journey in NZ. From a personal perspective it reaffirms my desire to cont...

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