INDIA: KKR to join Diageo in United Spirits stake buy?
KKR, which earlier this month agreed to buy South Korea-based Oriental Brewery from A-B InBev for $1.8bn, is interested in acquiring up to 10% of United Spirits, according to a report by Dow Jones this week.
The newswire said that both KKR and Diageo could buy stakes in the Indian group, which controls around two thirds of India's spirits market and is owned by billionaire Vijay Mallya.
Diageo confirmed earlier this year that it was talks to buy a minority stake in United Spirits. Reports have suggested the drinks giant may buy up to 15%.
Last week, a spokesperson confirmed to just-drinks that talks are continuing, following speculation that the two firms had hit a barrier in negotiations.
Separately, just-drinks understands from sources familiar with the situation that talks between the two groups have yet to resolve the structure a tie-up might take.
The long-running discussions between Diageo and United Spirits over a possible stake purchase have collapsed, with Diageo walking away from the table....
Back in February last year, the owners of the Ketel One vodka brand, the Netherlands-based Nolet family, announced a tie-up for the brand with Diageo. The deal not only signaled the end of Diageo's in...
The spirits industry, like other industries, has been hit by the current global economic crisis. Euromonitor International's latest global briefing, 'Global Opportunities for Leading Spirits Players d...
Diageo has poured cold water on suggestions that it acted inappropriately by receiving public money to expand the firm's Scotch whisky facilities....
AmBev, the division of Anheuser-Busch InBev, booked a 5.8% increase in third-quarter profit, boosted by beer sales in Brazil and prices increases....
Read the top ten stories published on just-drinks this week....
Disappointment over Anheuser-Busch InBev's third quarter beer sales has been largely offset by the brewer's optimism on the fourth quarter and progress on synergies, according to analysts....
Anheuser-Busch InBev booked an increase in profits in the third quarter of the year as price rises and cost cuts offset lower beer consumption....
- Is Diageo on the Brink of a Brain Drain?
- SABMiller edges Diageo as beer trumps spirits
- Comment - Heineken's move for Pivovarna Lasko
- Will Keurig Kold come to Coca-Cola Co's Rescue?
- Focus - SABMiller's FY Sales Performance by Region
- Rémy Cointreau eyes recovery after Q4 bounceback
- Carlsberg exec joins Diageo as Africa chief steps
- Diageo YTD sales come in flat
- Belvedere unveils executive team
- Diageo targets Millennials with DeLeon ads