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May 30, 2022 View:

Australian Forrest family investment fund Tattarang plans to buy Penfolds wine brand

Recently, according to Australian media "The Advertiser" (The Advertiser) reported that the Australian Forrest family investment fund Tattarang is considering acquiring the iconic Australian wine brand Penfolds (Penfolds).

Image from: Internet

It is unclear whether an offer has been formally made to Treasury Wine Estates. In April, Cognac revealed that it was considering splitting its most popular wine brand, Penfolds, into a separate public company by the end of 2021.

Tattarang is understood to be the privately owned holding company of the Forrest family and one of the largest private investment groups in Australia to date. Owned by Australian mining magnate Andrew Forrest and his wife Nicola, the company has expressed interest in investing in Australian businesses to expand its national and community reach.