Billionaire Goudet Acquires 5% Stake in Treasury Wine, Boosting Shares

European billionaire Olivier Goudet, through Platin SARL, has acquired a 5% stake in Australia's Treasury Wine Estates, leading to a notable jump in the winemaker's shares. This investment provides a crucial boost to the company amid recent financial challenges.

• Billionaire Olivier Goudet acquired a 5% stake in Treasury Wine Estates.
• Treasury Wine Estates shares rose approximately 7% following the announcement.
• Investment made via Goudet's vehicle, Platin SARL, valued at A$4.3 billion firm.
• The winemaker faced challenges in US and China markets, including a US$690 million write-down.
• Goudet is a co-founder of JAB Holdings, a major consumer brands investor.
• The news offers a significant boost to the 'troubled' Australian wine company.

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