Questions remain over Yealands sale

More questions are being asked on the purchase of Yealands Wine Group by Marlborough Lines. Both Kaikoura MP, and former New Zealand Winegrowers chairman Stuart Smith, and winegrower John Forrest, remain unconvinced the deal was in the best interests of the community. The pair say a number of questions remain unanswered from the lines distribution company board of directors after $89 million was paid to buy 80 per cent of YWG a fortnight ago. The purchase was made about the same time as two Marlborough Lines directors, James Hay and Anthony Beverley, resigned from the board.