Company News Summary
Treasury Wine Estates Announces Acquisition of Frank Family Vineyards
18 Nov 2021 | 08:42:00 | Associate analysts | Increase | Decrease | 
Original announcement: TWE Announces Acquisition of Frank Family Vineyards
Treasury Wine Estates announced that it has reached an agreement to acquire Frank Family Vineyards (FFV) in the US. The transaction value US$315m, implying an EV / F21 EBITDAS acquisition multiple of 13.2x, favourable to both current TWE and historic luxury wine transaction multiples.
See more ASX300 News Announcements