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May 30, 2022 View:

New Zealand Yezeland Wine Group sells vineyards to pay off debts

Marlborough, New Zealand-based Yealands Wine Group has sold its four 187-hectare vineyards in Confluence, Rackenfield, Willow Flat and Medway to a pension foundation for $34 million (about $240 million), according to The Drink Business. The vineyards were sold to a pension foundation to pay off debt and to reinvent and grow the business.

Photo courtesy of: Le Wine Guest