Posts tagged "Marlborough Lines"

Yealands Wine Group granted suppression order as Marlborough Lines takes complete ownership

[5 July/Stuff] Electricity network company Marlborough Lines took full ownership of Yealands Wine Group. A subsidiary of the company acquired the final 14 percent of Yealands from an entity controlled by Peter Yealands. Mr Yealands also resigned as a director of the group which he founded in 2002. He refused to comment on the sale,...

Yealands sale transparent, say key players

[6 July/ Business Day] Key players in the Yealands Wine Group sale to Marlborough Lines have said the deal was thoroughly researched, with due diligence undertaken independently. Marlborough Lines will incur no debt as a result of the purchase of 80 percent of Yealands. Marlborough Electric Power Trust Chairman, Ross Inder said an independent assessment...

Yealands’ synergies with lines company revealed

[3 July/ National Business Review] Marlborough Lines have announced an $89 million investment into Yealands Wine Group. Marlborough Lines Managing Director, Ken Forrest said the investment was on a cash, debt-free basis from the proceeds of recent investment sales. Mr Forrest said that new regulatory constraints on the allowable returns of electricity lines companies are...