Diageo (DEO) is in talks with India's United Spirits and its parent firm United Breweries about...

|About: Diageo plc (DEO)|By:, SA News Editor

Diageo (DEO) is in talks with India's United Spirits and its parent firm United Breweries about buying a stake in United Spirits, although there's no word on specifics. A report earlier this month said Diageo could purchase a 27% holding for 30B rupees ($563M). Any deal would continue the U.K. company's strategy of expanding in fast-growing emerging markets. (PR)