Brief: Foley Family Wines updates on effects of earthquake
17/11/2016 02:11
Nov 17 (Reuters) - Foley Family Wines Ltd FFW.NZ -
* As a consequence of earthquake Grove Mill Winery based in
Marlborough incurred a significant amount of damage
* It is clear that cost of damage will exceed insurance
excess for earthquake claims of approximately $1m
* Early indications are that there was only relatively minor
damage to buildings and finished stock
* Is currently working through process with its insurers and
claim is in its preliminary stages
Source text for Eikon: ID:nNZW8c45JM
Further company coverage: FFW.NZ
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