Treasury Wine Estates Limited ( (AU:TWE) ) has provided an announcement.
Treasury Wine Estates Limited has completed the acquisition of a 75% stake in Ningxia Stone & Moon Winery Co. Ltd in China, effective from March 3, 2025. This strategic acquisition aims to enhance the company’s operations in China, potentially strengthening its market position and expanding its footprint in the Asian wine market.
More about Treasury Wine Estates Limited
Treasury Wine Estates Limited is a global wine company based in Melbourne, Australia, known for its premium wine brands, including Penfolds. The company focuses on vineyard management, wine production, and distribution, with a significant market presence in Australia and internationally.
YTD Price Performance: -2.79%
Average Trading Volume: 627
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $5.52B
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