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Diageo nabs control of United Spirits

  • Diageo (DEO) accumulates just over 55% of United Spirits through an open tender offer.
  • The company has been fighting for years to gain a majority stake in the Indian beverage concern.
  • What to watch: By nabbing control of United Spirits' distribution network in India, Diageo can look to increase sales of premium brands Johnnie Walker and Smirnoff.
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Comments (1)
  • sanvan
    , contributor
    Comments (21) | Send Message
     
    Diageo is currently having difficulties to finalise 2014 results of USL. Lot of write offs in offing. Did Diageo anticipate all this or are these surprises. The answer will dictate how well Diageo be able to realise held out synergies
    23 Jun 2014, 10:17 AM Reply Like
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