Foley Wine shareholders to get US exposure, if markets improve

Bill Foley made his first post-covid trip to New Zealand. (Image: Getty)

Fri, 18 Nov 2022

Shareholders in New Zealand’s Foley Wines may get exposure to its soon-to-be majority owner Foley Family Wines if markets improve, chair and US billionaire Bill Foley told a packed-out annual meeting in Wellington at Shed 5. He is currently in the process of transferring the ownership of Foley Wines from the holding company into the operating company – Foley Family Wines. The transaction requires Overseas Investment Office approval, although there is no change in actual ownership. &...

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