Billions offered in second bid for world’s largest winemaker

A second multi-billion-dollar takeover bid has been made for the world’s largest listed winemaker, Australian company Treasury Wine Estates.

US firm KKR only recently made its own joint offer for the company alongside fellow US private equity firm Rhone Group.

However the latest offer, believed to be worth A$3.8bn (£1.88bn) has come from another, as yet unnamed, private equity firm.

Treasury Estate Wines owns brands including Wolf Blass, Rosemount, Lindemans and Penfolds.

Despite an uncertain few years for the company including a restructure resulting in more than 150 job cuts, revenue last year tipped A$1.76bn with 385 million bottles of wine sold.