Constellation Brands Sells Australian and UK Wine Business
Constellation Brands Sells Australian and UK Wine Business
Dec 23, 2010
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Constellation Brands, the world’s leading premium wine company, has agreed to sell its Australian and UK business – Constellation Wines Australia and Europe – to Champ Private Equity of Sydney for A$290m (Eur220m). Constellation will retain a 20% interest in the business and receive cash proceeds of about $230million.
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