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Constellation seeks C$1 bln valuation for Canadian wine unit - Bbg

Published 2016-06-03, 02:25 p/m
© Reuters.  Constellation seeks C$1 bln valuation for Canadian wine unit - Bbg
GS
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STZ
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BNS
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TD
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June 3 (Reuters) - Constellation Brands Inc (NYSE:STZ) STZ.N is
seeking a valuation of about C$1 billion ($772.02 million) for a
possible initial public offering of its Canadian wine business
this year, Bloomberg reported on Friday.
The unit, which includes eight wineries and 160 retail
locations across Ontario, is expected to list in Toronto as
early as the fall, Bloomberg reported, citing people familiar
with the matter. (http://bloom.bg/1Um5kXd)
Constellation produces the Jackson-Triggs and Inniskillin
wine brands in Canada.
The company, which owns major brands such as Corona beer and
Robert Mondavi wines, is working with Goldman Sachs Group Inc (NYSE:GS)
GS.N , Toronto-Dominion Bank TD.TO and Bank of Nova Scotia
BNS.TO on the offering, Bloomberg reported.
Constellation Brands and the banks could not be immediately
reached for comments.
($1 = 1.2953 Canadian dollars)

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