UPDATE 1-Australia's Treasury Wine sells some US brands, ups profit guidance
July 03, 2016 at 20:19 PM EDT
SYDNEY, July 4 (Reuters) - Australia's Treasury Wine Estates Ltd, the world's largest stand-alone winemaker, said on Monday it would sell 12 U.S. wine brands and raised its annual profit guidance following its purchase of Diageo Plc assets earlier this year.