India's leading winemaker Champagne Indage is set to buy Australian Vintage's Loxton winery for 60 million Australian dollars ($54.6 million). Australian Vintage Ltd. (AVL) has signed a deal to sell its second-largest winery to Indage within six months, subject to Indage satisfying due diligence requirements. The 90,000-litre facility in the state of south Australia's Riverland is the country's fifth-largest winery.
The Economic Times
http://economictimes.indiatimes.com/News/News_By_Industry/
Cons_Products/Champagne_Indage_to_buy_Australian_winery_for_over_54_mn/
articleshow/2883459.cms
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