
Australian Vintage is looking to raise almost A$20m ($13.2m) through a share issue as the debt-laden wine group strives to move past inflation pressures and an oversupply of grapes.
After seeing merger talks with Accolade end, Australian Vintage believes “sector consolidation is logical” and said it is “ready to participate”.
Australian Vintage is looking to raise almost A$20m ($13.2m) through a share issue as the debt-laden wine group strives to move past inflation pressures and an oversupply of grapes.