melbourne-based brewer Broo has placed Mildura Brewery and Mildura Brewery Pub into voluntary administration.
Con Kokkinos and Matthew Jess from Worrells have been appointed voluntary administrators.
“The Worrells’ teams are now investigating the Companies’ financial position and considering the options for the businesses going forward,” Worrells said in a statement.
“The management team of Broo Ltd had been exploring options of a sale of the Mildura Brewery and Mildura Brewery Pub in the lead up to the voluntary administration and these discussions will be continued by the administrators.”
It follows a trading halt notice being lodged by Broo with the ASX on Monday, which said the halt was for “a market update in relation to a restructure of the company”.
In February 2017, Broo announced the $2.1 million acquisition of industrial land in Ballarat where it planned to build a world-class facility for $95 million.
However, Broo recently announced that a planned $7.5 million deal to sell the Ballarat site to Bentley Property Group had fallen through as the buyer had not yet received approval from Development Victoria.
Broo acquired the Mildura Brewery from celebrity chef Stefano…
