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Australian producer calls in administrators

Published:  23 July, 2008

Western Australia's Palandri Wines has called in the administrators with millions of dollars of debt

Last week another arm of the company Palandri Finance Limited also went into administration.

The administrators will look at the future viability of the business and possible refinancing.

The company said it intended to continue the wine business, and would push ahead with the 2008 vintage, due to start next week.

The voluntary administrators and Deloitte's Wine Group will report back to creditors on March 7 2008.