Australian winemakers are hopeful as a review into wine tariffs that punished them is announced, potentially signaling an end to Chinese tariffs on Australian wines. However, a sales recovery to the mainland may take longer than expected.
The offer price has been set at $10.80 a share on a one-for-9.45 basis. That’s a 9.8 per cent discount to Treasury Wine Estate’s theoretical ex-rights price and 10.7 per cent discount to Monday’s close.has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories.
Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.The potential end of Chinese tariffs on Australian wines is buoying its shares. But a sales recovery to the mainland may take longer than some expect.
Australian Winemakers Chinese Tariffs Review Sales Recovery Mainland
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