Yealands sale transparent, say key players

Key players in the Yealands Wine Group sale to Marlborough Lines have responded to concerns raised over the deal, saying the buyout of one of the country’s largest wine exporters was thoroughly researched, with due diligence undertaken independently. The lines company will incur no debt as a result of the purchase, which sees the lines company take up an 80 per cent stake, and there has been no conflict of interest between individuals who have close links to both parties, those involved say.