US billionaire Bill Foley may extend reach in Wairarapa by buying Martinborough Vineyard

Sun, 02 Feb 2014

Feb. 3 (BusinessDesk) - American billionaire Bill Foley may add to his wine interests in the Wairarapa region with the acquisition of pinot noir pioneer Martinborough Vineyard Estates. Foley, through the Foley Family Wines Holdings company based at his luxury Wharekauhau lodge in the Wairarapa, isn’t at the stage of determining the price of the Martinborough vineyard, said chief executive Mark Turnbull. The parties are aiming to complete the transaction by March 31. The business would add to the Te Kairanga Wines company, just down the road i...

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