Brief: Marlborough Wine Estates Says Reached Settlement With Insurance Co Regarding Inventory Destroyed

Marlborough Wine Estates

21/12/2020 01:24

Dec 21 (Reuters) - Marlborough Wine Estates Group Ltd
 MWE.NZ :
    * REACHED SETTLEMENT WITH ITS INSURANCE CO REGARDING
INVENTORY
THAT WAS DESTROYED
    * SETTLEMENT CONFIDENTIAL BUT ENABLED MWE TO RECOVER A
PROPORTION
OF VALUE THAT WAS WRITTEN OFF
    * AMOUNT RECEIVED WILL BE TREATED AS INCOME FOR MWE FOR FY21

Source text for Eikon:  ID:nNZW9fRWQ2 
Further company coverage:  MWE.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))