Treasury Wine Estates listing
A key aspect of the Fosters Group demerger was the ASX listing of Treasury Wine Estates. Corrs advised Foster’s on all aspects of Treasury Wine Estates’ admission to the official list of ASX, whose shares commenced trading on ASX in May 2011, with a book value of around $3.2 billion.
Treasury Wine Estates is now the world's biggest listed stand-alone wine company, and Australia's largest supplier of bottled wine, with four of the top 10 wine brands. It owns Penfolds, Wolf Blass, Beringer, Lindemans, Mildara and Rosemount Estate.