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Diageo bid for United unlikely to win

2013-04-05 12:31:13| Beverages - Topix.net

UK drinks group Diageo Plc's bid to raise its stake in India's United Spirits through a mandatory public open offer is unlikely to succeed after it opted not to lift its offer price, although it remains on track to take management control of the country's biggest liquor maker.

Tags: united win bid diageo

 

PORTUGAL: Country director switch at Diageo Portugal confirmed

2013-04-04 15:51:00| Daily beverage news and comment - from just-drinks.com

Diageo has lined up a change of country director for Portugal.

Tags: country director portugal switch

 
 

INDIA: Diageo move for United Spirits safe, despite pledged share sale

2013-04-03 15:32:00| Daily beverage news and comment - from just-drinks.com

Diageo's move to take control of The UB Group's United Spirits division remains on course, despite court approval for UB's creditors to sell off pledged shares in the unit, just-drinks understands.

Tags: united share sale move

 

UK: Diageo plans US$75m Scotch whisky distillery

2013-04-03 12:30:00| Daily beverage news and comment - from just-drinks.com

Diageo has unveiled plans to build a new GBP50m (US$75.5m) malt whisky distillery in the Highlands and boost the capacity of two other sites as part of its five-year investment programme in Scotch.

Tags: plans whisky scotch distillery

 

INDIA: Potential spanner in works for Diageo as UB Group hit by US$90m guarantee demand

2013-04-02 17:18:00| Daily beverage news and comment - from just-drinks.com

The head of The UB Group has been told he must provide a personal guarantee of INR5bn (US$91.9m) to obtain a four-week protection period against lenders hoping to sell a portion of pledged shares in the United Spirits (USL) division.

Tags: group works hit potential

 

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