Private equity firms are canny investors but there is a crowning irony about TPG’s pursuit of Penfolds producer, Treasury Wine Estates .
Part of the winemaker’s allure is its $2 billion worth of tax losses, which are attached to its US arm.
Loading...
Gretchen Friemann writes on Business specialising in Banking & Finance, Mining, Real Estate. Based in our Sydney newsroom, Gretchen is a Street Talk editor.
