TWE gets US regulator nod for Diageo buy

Aussie wine supplier Treasury Wine Estates has received the nod from US regulators for its purchase of Diageo's wines business in US and UK.

Treasury Wine Estates has been cleared to buy of most of Diageo's wine business in the US and UK. (AAP)

Treasury Wine Estates has received the go-ahead from US regulators to proceed with its purchase of most of Diageo wines business in the US and UK.

The Aussie wine supplier on Wednesday said the US Federal Trade Commission had completed its review of the deal and had raised no objection.

TWE in October agreed to buy the Diageo operations for $US552 million ($A761 million) and will take on another $US48 million of leases. It raised $368 million through a share issue to help fund the purchase.

The company expects the transaction to be completed by the end of December.