Constellation Brands (STZ +0.8%) will sell 80% of its Australian and U.K. business to...

|About: Constellation Brands, Inc. (STZ)|By:, SA News Editor

Constellation Brands (STZ +0.8%) will sell 80% of its Australian and U.K. business to Australia's Champ Private Equity in a deal valued at ~$290M. The deal includes nearly all of Constellation's Australian, U.K. and South African brands, wineries, plants and vineyards. (PR)