TPG's $3.1 billion move for Australia's Treasury Wine sets up clash with rival KKR
date:Aug 12, 2014
rn the firm around.

Treasury has also regularly dismissed suggestions it may consider a sale to large trade players like China's Bright Food Group Co Ltd [SHMNGA.UL], France's Pernod Ricard (PERP.PA) and U.S.-based Constellation Brands Inc (STZ.N).

According to CLSA analyst Thomas, a sale involving a trade buyer could conceivably value Treasury up to A$7 a share, or A$4.5 billion, because of shared production costs, revenue and other synergies.

However Treasury's willingness to engage with KK
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