SYDNEY, July 4 (Reuters) - Australia's Treasury Wine Estates Ltd (TWE) , the world's largest stand-alone winemaker, said Monday it would sell 12 U.S. wine brands.
The company, which owns the Penfolds and Lindemans labels, said in a statement that the "non-core" portfolio of brands would be sold "at approximately book value," and it comprises about 1 million cases of wine.
It didn't disclose the buyer of the wine brands. "The divestment will have nil impact on earnings in F16 and beyond," the statement said.
News: TWE Australia's Treasury Wine Estates sells US brand portfolio
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