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Treasury rumoured to be in sights of French giant

2014-05-02 05:33:22| Beverages - Topix.net

Shares in Treasury Wine Estates, the world's biggest listed winemaker and owner of brands such as Penfolds, Wolf Blass and Rosemount, have rocketed nearly 15 per cent this morning on rumors that global French drinks giant Pernod Ricard could be circling to snap up key assets of the business including its billion dollar US vineyards and wine labels.

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