NZ fund manager buys embattled Mahana winery from receiver

Thu, 31 Jan 2019

By Rebecca Howard Jan. 31 (BusinessDesk) - Wellington-based fund manager Booster has bought a big stake in Mahana Estates, a winery which went into receivership last year after a Wild West-style shareholder dispute. Booster, which has around $3 billion under management, has purchased most of the assets in the Nelson winery and restaurant previously known as Woollaston Estates. Mahana was placed in receivership last September when a previous sale fell through and a stoush between shareholders spiraled into litigation. Media reports at t...

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