ANOTHER ONE BITES THE DUST

Financially troubled Australian wine group Evans and Tate sold their Victorian vineyard to repay a bank debt of A$20 million. The UK’s Neqtar pain $22 million for the winery at Mildura where they already own another vineyard. CEO Guy Young said, “This really forms part of our strategy to develop Neqtar as a truly global player and give us a key position in the major producing area within Australia.”