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Treasury Wine bidding war could net more than $4bn

AUSTRALIA’S largest wine company could soon be in foreign hands, with institutional investors predicting Treasury Wine Estates — owner of some of the country’s most famous wine labels — is ripe for a takeover offer with a potential bidding war netting up to $4.2 billion.

And while global wine players would undoubtedly be interested in TWE’s portfolio of premium labels, including Penfolds, investors from China — the world’s fastest-growing wine market — are likely to lead the charge.