By Rebecca Thurlow

SYDNEY--Treasury Wine Estates (TWE.AU) said Wednesday the U.S. Federal Trade Commission has completed its review of the vintner's planned acquisition of most of Diageo PLC's (DEO) wine assets and has no objection to the US$552 million deal proceeding.

Accordingly, the parties expect the transaction to take effect from Dec. 31, Treasury Wine said in a filing.

-By Rebecca Thurlow, Dow Jones Newswires; 61-2-8272-4679; rebecca.thurlow@dowjones.com

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(END) Dow Jones Newswires

November 03, 2015 16:54 ET (21:54 GMT)

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