Institutional investors are reportedly tipping Treasury Wine Estates Limited
(ASX:TWE) is ripe for a takeover by foreign investors.
Speculation of a takeover has recently surrounded Australia’s largest wine company, who is said to be worth up to $4.2 billion.
The wine maker expanded its foot print in New Zealand’s Marlborough region late last year.
Treasury Wine demerged from Foster’s Group in mid 2011.
In the 2012 financial year, Treasury Wine Estates generated a net profit of $89.7 million.
