<strike id="gegfc"><dl id="gegfc"></dl></strike>
<sub id="gegfc"></sub>

    <mark id="gegfc"></mark>

      Australia's biggest wine producer to shift focus to China under new ownership

      Source: Xinhua| 2018-04-06 13:27:57|Editor: Liangyu
      Video PlayerClose

      CANBERRA, April 6 (Xinhua) -- The new owners of Australia's biggest wine company hopes to capitalize on the growing demand for wine in China.

      U.S. private equity firm Carlyle Group on Thursday agreed to buy South Australia's Accolade Wines from Australia's CHAMP Private Equity for 1 billion Australian dollars (767 million U.S. dollars).

      Accolade is the biggest wine company by volume in both Australia and Britain with its portfolio covering 20 of Australia's "premium wine regions."

      The sale came at a time of rapid growth in demand for Australian wine by the Chinese market with Carlyle keen to tap into that market.

      "This is a company with great brands and strong market positions, with multiple growth opportunities, particularly in Asian markets," a spokesperson for the firm told the Guardian Australia on Friday.

      Exports of Australian wines to China have been growing since the China-Australia Free Trade Agreement (ChAFTA) took effect in December 2015.

      Under ChAFTA, tariffs on Australian wine imported to China were reduced from 20 percent to 3 percent.

      Australian wine exports to China increased 63 percent in 2017 to 848 million Australian dollars (650 million U.S. dollars), making it the second biggest exporter of wine to China behind France.

      CHAMP bought its 80 percent share in Accolade in 2011 for 290 million Australian dollars (222 million U.S. dollars).

      TOP STORIES
      EDITOR’S CHOICE
      MOST VIEWED
      EXPLORE XINHUANET
      010020070750000000000000011100001370917961
      中文字幕日韩无线码在线一区_制服肉丝亚洲中文字幕_日韩欧美无砖专区一中文字目_国产精品点击进入在线影院高清
      <strike id="gegfc"><dl id="gegfc"></dl></strike>
      <sub id="gegfc"></sub>
      
      
        <mark id="gegfc"></mark>
          久久亚洲精品频在久久 | 在线精品自拍亚洲第一区 | 日本三级香港少妇 | 日本免费二区三区久久 | 一本到中文字幕在线精品 | 亚洲午夜欧美理论 |