Constellation unloads six wineries for $234 million

Constellation, one of the worlds biggest wine producers, has sold six vineyards and eight brands for $234 million. the buyer is a new venture capital backed company called Ascentia that is run by Peter Ekman, who has previously been with e.g. Wine.com. Ekman is of Swedish origin but has lived in California for several years. Which wineries and brands that are included is not disclosed, but we are led to believe that it is the Beam Wine Estates that was acquired by Constellation in 2007 for $885 million. Nice discount.