Treasury Wine buys Diageo wines for $600m
TWE chief executive Michael Clarke says the Diageo wines acquisition is a game-changer for TWE in the US market
THE latest push into the US by Australian wine supplier Treasury Wine Estates (TWE) is a grab for grapes.
TWE is buying most of the US and UK-based wine operations of drinks giant Diageo for $US552 million and taking on leases of $US48 million - a total of $US600 million.
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