Wednesday August 20, 2014

Diageo in talks to buy United Spirits stake

Diageo is in talks with United Spirits to acquire the spirits group.

The Wall Street Journal has learned that Diageo PLC “is in talks with United Spirits and its parent United Breweries Holdings to acquire a stake in the Indian spirits group, as the U.K.-based liquor giant continues its aggressive drive to expand its footprint in lucrative fast-growing emerging markets.” Still, it should be noted that there is no certainty these talks will result in a deal. Both sides have declined to comment on the size of the ownership interest Diageo is seeking to buy.

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