News

INDIA: Diageo quiet on United Spirits rumours

Most popular

Could a Pernod offload revolutionise wine?

The just-drinks Analyst returns

Why drinks companies will struggle to break Gen Z

Wine's race to the top - whither value?

How to ride the 'Gen Z' wave in the on-premise

MORE

Diageo has refused to be drawn on whether or not it is eyeing a stake in the Indian spirits giant United Spirits.

India's Economic Times today reported that the UK-based owner of Smirnoff and Guinness is looking at acquiring a 10-13% stake in Asian drinks producers for between US$500m and $600m.

"We don't comment on market speculation," a spokesperson from Diageo told just-drinks today.

Despite a denial by United Spirits that it was in discussions, the Economic Times went on to say that a transaction is expected around February or March 2008.

United Spirits would not cede any management control as a result of the deal, the report added, citing unnamed sources.

United Spirits, a part of the UB group, in May acquired Scottish spirits maker Whyte & Mackay for $1.2 billion.


Related Content

India hiccups pull on United Spirits sales in FY fiscal-2017 - results

India hiccups pull on United Spirits sales in FY fiscal-2017 - results...

What can the spirits industry learn from Diageo? - Comment

What can the spirits industry learn from Diageo? - Comment...

Sales slow in Q3 for United Spirits as demonetisation drags - results

Sales slow in Q3 for United Spirits as demonetisation drags - results...

Diageo and Vijay Mallya - The end of the affair - Timeline

Diageo and Vijay Mallya - The end of the affair - Timeline...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?