Insurance companies tied up in the Independent Liquor litigation will carry most of the burden of the $220m out-of-court settlement.
Asahi claimed the sellers of Independent Liquor overstated its earnings.
Settlement with Pacific Equity Partners and Unitas Capital came just as substantive hearings in the case were about to begin in Melbourne.
It was owned by New Plymouth-based Christopher and Nyall Simkin and traditionally offered cheap liquor in a no-frills environment
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