21 Jun 2013

Delegats pays less than announced for Barossa Valley

10:24 am on 21 June 2013

Delegat's Group has paid slightly less than originally announced for the assets of Australian winemaker Barossa Valley.

It has paid $A24.1 million, down from $A24.7 million.

Delegat managing director Jim Delegat says the lower price was due to final inventory adjustments.

He says they are now in the final stages of completing a long-term business plan for the estate, and he believes Barossa Valley will provide substantial future sales growth in the coming years.