<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>
          中文字幕一级网址 | 欧美激情视频一区在线观看 | 亚洲欧美日韩在线播放 | 婷婷丁香五月天综合资源网 | 伊人久久大香线蕉aⅴ色 | 亚洲A∨电影免费在线 |