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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
General Business
2 mins to read

Yealands sale ‘unsuccessful’ as lines company result turns red

Electricity distributor Marlborough Lines stuck with underperforming wine group after two-year process.

Marlborough Lines bought Yealands Wine Group in 2015.

Tim Hunter Wed, 20 Nov 2024

Electricity distributor Marlborough Lines has officially ended the sale process for its subsidiary Yealands Wine Group, pronouncing the effort “unsuccessful”.

Moves to sell the wine business were announced in August 2022 with Cameron Partners appointed to help find strategic investors.

The lines

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Tim Hunter Wed, 20 Nov 2024
Contact the Writer: thunter@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Yealands sale ‘unsuccessful’ as lines company result turns red
General Business,
106797
true