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Diageo offloads major wine interests

2016-01-04 09:55:11| Beverages - Topix.net

Diageo was ringing in 2016 on Monday with the completion of the sale of its major wine interests. The FTSE 100 beverage multinational had previously announced its intention to sell the US-based Chateau and Estate Wines and the UK-based Percy Fox arm, to Treasury Wine Estates In October, Diageo indicated the dollar valuation of the transaction would be worth $552m, with net proceeds to the firm of A 320m.

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