Villa Maria sale leaves cash in pot for Fistonich family

Founder George Fistonich has filed legal claims against the receivers. (Image: supplied)

Wed, 26 Jan 2022

The Fistonich family won’t be left out of pocket from the receivership of their holding company FFWL, with a $265 million valuation attached to the sale of Villa Maria Estate and its surrounding land.Lenders Rabobank and ANZ, which appointed receivers to the holding company last year, will be repaid their $211.9m loans, leaving a surplus for FFWL, according to the latest receiver’s report on the holding company.Receivers Brendon Gibson and Neal Jackson of Calibre Partners said the sale of Villa Maria to Indevin was valued at $190m,...

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