Corona maker Constellation to sell about 30 brands for $1.7 billion

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Corona maker Constellation to sell about 30 brands for $1.7 billion
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Constellation Brands Inc said on Wednesday it would sell about 30 of its low-end...

FILE PHOTO: Corona beers are pictured at a BevMo! store ahead of Constellation Brands Inc company results in Pasadena, California U.S., October 4, 2016. REUTERS/Mario Anzuoni

In early February, the brewer said it was looking to sell some of its low-end wine brands, as it doubles down on more profitable high-end segment and shift towards beer and cannabis products that target a younger demographic.

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