Third fund tipped for Treasury Wine Estates bid

A third major private equity fund could enter the takeover fight for Australasia’s largest wine producer, Treasury Wine Estates (TWE).

A report in the Australian Financial Review late last week suggested the Carlyle Group has been mulling an offer for weeks and is now seen close to pulling the trigger.

Earlier in the week, TWE revealed it had received another bid from an unnamed private equity firm that rivalled an existing one by KKR and Rhome Group.

 

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