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Ascentia Debt Crisis Lurching Closer to Resolution

ASCENTIA: GREEK DEBT CRISIS EASIER, FASTER TO SOLVE

The Ascentia Wine Estates (AWE) debt and financial crisis started before the EU’s Greek bailout marathon. AWE, and its capital partners, however, are still wrestling with terms and trying to fashion an exit while the EU goes on to handle Portugal, Italy and Ireland.

Floundering and insolvent now for more than two years, AWE seems to be lurching toward a resolution which multiple sources say will happen in a matter of weeks.

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Also In This Article:

  • ECONOMY, MISMANAGEMENT DROVE AWE TO BRINK
  • HAIRCUTS, ARGUMENTS & INEVITABILITY
  • BANKRUPTCY: THE NUCLEAR OPTION FORCING THE CURRENT DEAL TO A CONCLUSION

Previous Wine Industry Insight Coverage of Ascentia

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