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"The buyer of Corbans, New Zealand&amp;#39;s second biggest wine company, is expected to be announced by the end of September.Final bids are due to be lodged this week with Corbans&amp;#39; parent, the DB Group, a subsidiary of Singapore-based Asia Pacific Breweries, which is part owned by Heineken.NZ&amp;#39;s largest wine producer, the Montana Group, is tipped as the front runner following yesterday&amp;#39;s ruling by the country&amp;#39;s Commerce Commission that its acquisition of Corbans would not result in market dominance.Valued at more than $NZ100m, Corbans was reported by DB to have encountered difficult trading conditions last year, especially because of UK distribution problems, and is believed to have suffered further this year. A price of less than $NZ100m is now being predicted in financial circles with some speculation that it could be less than $NZ90m.Strong international interest, from wine companies and investors, was shown when Corbans was placed on the market in May.Foster&amp;#39;s Brewing Group (Mildara Blass), Southcorp, Orlando and BRL Hardy, which has since acquired 100% ownership of NZ&amp;#39;s third largest producer, Nobilos, were all tipped as strong bidders.But BRL Hardy is now believed to be a non-bidder, while Foster&amp;#39;s acquisition of Beringer last week is likely to have reduced its interest. Southcorp is thought to be concentrating on a US venture after reportedly missing out on Beringer."^^<http://www.w3.org/2001/XMLSchema#string>
<https://www.just-drinks.com/news/corbans-decision-expected-by-end-of-month_id74460.aspx>