Asahi in $175m settlement with PE firms over Independent Liquor
Asahi has received NZ$220 million ($175 million) from Pacific Equity Partners (PEP) and Unitas Capital in a settlement that brings to a close their dispute over the sale of New Zealand beverage producer Independent Liquor.
An apparent breakthrough in negotiations came on the first day of scheduled hearings in late October and the judge adjourned the case to allow the parties to formalize a deal. Asahi said in a statement...
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