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
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$7.66 |
Change
0.020(0.26%) |
Mkt cap ! $6.199B | |||
| Open | High | Low | Value | Volume |
| $7.67 | $7.70 | $7.63 | $1.385M | 180.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 9626 | $7.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.67 | 6387 | 16 |
View Market Depth
| Last trade - 10.13am 12/09/2025 (20 minute delay) ? |
| TWE (ASX) Chart |