Posts tagged "Yealands Wine Group"

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...

Wine company Yealands rules out full sale

[16 January/ Business Day] Yealands Wine Group founder, Peter Yealands said claims by the Sydney based newspaper, The Australian, that Yealands Estate is being prepared for a sale are incorrect and that he is not selling the company “as a whole”. Yealands Wine Group told the New Zealand Stock Exchange that it would conduct a...

Yealands probes capital raising, possible IPO

[8 December/ NZ Herald] With the aim of hastening their expansion into the international markets, Yealands Wine Group is investigating options surrounding capital raising. The company outlined the need to increase its grape supply in order to capitalise on the current growth opportunities in the market. Yealands Wine Group has hired investment bank, UBS, to...