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Owner of Yellow Tail received a "number of approaches" for wine brands, but denied reports it is mulling AU$500 million-plus sale

June 21, 2019

In its 'street talk' section, The Australian Financial Review published an article which stated that Casella had hired investment bank UBS to gauge the market for its wine brands. It noted that while no official sale process had begun and no documents had been sent out to interested parties, the company wanted to see if there was demand for its wine brands among Australian and overseas private equity companies.