Constellation Brands, Inc. (STZ,CBR.AX) announced that it is pursuing a number of opportunities with various parties to improve the prospects of its Australian and U.K. businesses.
Constellation Brands noted that the options include sale of certain assets and a possible combination of a portion of its Australian and U.K. wine operations with Australian Vintage Ltd. (AVL) in exchange for a substantial, but non-controlling, interest in the combined entity. Constellation specified that talks with Australian Vintage are ongoing and preliminary.
Constellation noted that, if a transaction results, the combined companies would operate as a stand alone wine company, which would be listed on the Australian Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.