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26/09/2006 - 22:00

Evans & Tate restructure plan

26/09/2006 - 22:00

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STRUGGLING winemaker Evans & Tate Ltd said it has received in-principle approval from its bank to restructure its debt-laden balance sheet. Evans & Tate said the aim was to reduce debt, which stood at $169 million at June 30, to sustainable levels within the current financial year.

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