Scales weighing up Villa Maria purchase

Tue, 23 Mar 2021

Scales has been canvassing agriculture and horticulture investment options for some time and is well-positioned to venture into winemaking if it buys Villa Maria Estates.The NZX-listed agribusiness confirmed it’s participating in the sale process, but warned there’s “no certainty that its participation will result in any transaction,” it said in a statement to the NZX.The Australian Financial Review’s Street Talk column – long used by investment banks across the Tasman to spruik their wares – reported S...

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