Foster’s Wine Spin-off Vote Set for April

Australian brewing company Foster’s Group will vote April 29 on the proposed spin-off of its wine unit – a business with net assets of about $2.8 billion, Reuters said. The beer and wine businesses are both expected to attract private equity firms as well as trade buyers, Reuters said. Foster’s turned away buyout shop Cerberus Capital last September, when it offered $2.5 billion for the wine business.

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