OTHER NEWS - Nov. 23, 1995
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<i> Times Staff and Wire Reports</i>
Nestle Confirms Sale of California Wineries: The Swiss multinational will sell its California vineyards and wineries, including Beringer Vineyards and Chateau Souverain, to private investors. The parties did not reveal terms, but wine industry sources speculated that the price was about $350 million. The purchaser is an investment group composed of Texas Pacific Group and Silverado Partners.
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