Australian Vintage rises on sale of Adelaide Hills cellar door site
01/10/2026 03:31
BUZZ-Australian Vintage rises on sale of Adelaide Hills cellar door site ** Shares of Australian Vintage AVG.AX rise as much as 2.5% to A$0.082, set to log their best session since September 22, if gains hold
** The winemaker signs binding agreements for the sale of its Adelaide Hills cellar door site and vineyard for A$5 million to Woodthall and Adelaide Wine Co
** Says it will retain full ownership of the Nepenthe brand, have established a grape supply contract with Adelaide Wines for vintage 2027 to ensure quality supply as the brand transitions to regional sourcing
** Stock down ~26% YTD, including the session's moves
(Reporting by Anjali Singh in Bengaluru)
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