Constellation Brands, the world’s largest wine producer by sales, said it is in talks to merge its Australian and UK operations with rival Australian Vintage, in an effort to combat a deep slump in the Australian wine industry, reports the WSJ. Although it did not identify other potentional partners, Constellation said it has held talks with various companies about opportunities “to improve the prospects” of its Australian and UK businesses.

This entry was posted by Gwen Robinson on Monday, November 2nd, 2009 at 4:43 and is filed under Capital markets, M&A. Tagged with Australian Vintage, Constellation Brands. Edit this entry.