Swiss-based Hess has upped its offer for Peter Lehmann Wines by £5m to match Allied Domecq’s £60m bid.

Aussie winemaker Lehmann was due to be bought by Hess - which owns vineyards Stateside in the Napa Valley - at the beginning of the month.

However, earlier this week Allied Domecq offered £60m.

Lehmann has yet to comment on Hess’s latest move, but it is expected to recommend it even though AD already owns 14.5% of the Aussie wine group.

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