On Tuesday, Diageo confirmed it was in talks with United Spirits over buying a stake in the UB Group-owned Indian drinks firm. If the story seems familiar, that’s because the two firms have been here before, in 2009, when Diageo eventually pulled the plug after it baulked at the asking price.
In the Spotlight – Diageo and United Spirits
On Tuesday, Diageo confirmed it was in talks with United Spirits over buying a stake in the UB Group-owned Indian drinks firm.