Australia's Treasury Wine Estates rises after asset sale; Citi says debt cut to please investors
Shares of Treasury Wine Estates (TWE.AX) rose as much as 1.5% to A$5.440 on Tuesday, trading among the top gainers on the ASX Staples index. The sale of the Seppelt brand, Great Western Winery and Drumborg vineyard is the first in a series of planned asset sales intended to accelerate debt reduction. Citi reiterated it