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China's Changyu Buys Majority Stake In Australia's Kilikanoon
China’s oldest winery, Changyu Pioneer, has bought an 80% stake in Clare Valley-based winery Kilikanoon Wines for AU$20.6 million, the latest purchase from the Chinese winery following acquisitions in France, Spain and Chile.
With the rise of Australian wine’s popularity in China and an expected tariff reduction based on the two countries’ Free Trade Agreement, Chinese compani...