Uncertainty surrounds Loxton winery deal

A $60 million deal to sell the Loxton winery to an Indian-based company is on the verge of collapsing.

Australian Vintage Limited has told the stock exchange that Indage Holdings has failed to confirm it will buy the winery by the end of this month.

It has also refused an extension on the time to close the deal, which was announced in March last year.

But Indage Holdings says it remains committed to buying the winery.

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