INDIA/UK: Competition board green lights Diageo's United Sprits stake

By | 1 March 2013

Diageo first agreed on the deal in November

Diageo first agreed on the deal in November

India's competition watchdog has approved Diageo's INR111.7bn (US$2.05bn) United Spirits deal, taking it one step closer to a majority stake in the firm.

In a statement on its website yesterday (28 February), the Competition Commission of India said: “The proposed combination is not likely to have an appreciable adverse effect on competition in India”. The commission's approval is one of the regulatory hurdles Diageo must clear before it can complete the deal, announced in November.

In January, Diageo played down fears the deal will be delayed as the timetable for acquiring public shares was revised.

Expert analysis

The IWSR Forecast Report 2012-2017 - Spirits in India

An analysis of current and future trends for the spirits market in India including top-line forecasts for other categories and background information on the market. Analysis is broken down into the following categories: whisky, vodka, gin, tequila, national spirits, rum, cane, Cognac/brandy, liqueurs, bitters and spirit aperitifs, aniseed and fruit and other eaux de vie.

Sectors: Emerging markets – BRIC, Mergers & acquisitions, Spirits

Companies: Diageo, United Spirits

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INDIA/UK: Competition board green lights Diageo's United Sprits stake

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