Foley Wines lines up pinot vineyard deal

13th October 2021 By Staff Reporter | news@foodticker.co.nz | @foodtickernz

Foley Wines has lined up the purchase of a 55.5-hectare Central Otago pinot noir vineyard to supply grapes to its Mt Difficulty Roaring Meg brand.

However, the contract to purchase the Zebra Bendigo Flat Vineyard from owner Lyndsey Harrison is subject to Overseas Investment Office approval as Foley Wines is controlled by US billionaire Bill Foley.

The company said in a statement to the NZX today that the transaction would be financed with the Bank of New Zealand, and the price remained confidential until a decision was made by the OIO.