[16 November/New Zealand Herald]

Mt Difficulty Wines of Central Otago has been sold for approximately $55 million to listed company Foley Family Wines. Foley Family Wines Chief Executive Mark Turnbull said the purchase was of all Mt Difficulty’s assets and business, including wine brands Roaring Meg and Mt Difficulty, property interests, winemaking and cellar door facilities. Foley Family Wines are scheduled to take over operations by June 2018. The purchase is under the condition of gaining agreement from shareholders of both companies and approval from the Overseas Investment Office. The shares for Foley were trading around $1.30 when the possibility of the deal was first announced. Yesterday they were trading slightly higher at $1.50.