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Australasian brewer Lion Nathan may be considering selling part of its wine business, including Wither Hills, Credit Suisse analysts said yesterday.
Lion Nathan last week said it would not reactivate a A$200 million ($226 million) share buyback plan in what Credit Suisse described as an "enigmatic" release.
"We conclude that Lion Nathan is considering divesting part of its wine division," CS analyst Larry Gandler said in a research note.
