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Diageo Considers Hong Kong Listing As Asian Expansion Grows Ahead Of Expectations

June 11, 2012

Diageo is exploring the possibility of listing its shares on the Hong Kong stock exchange in order to facilitate its expansion in emerging markets, according to The Telegraph. Diageo CEO Paul Walsh told the London newspaper that listing on a stock market in a developing region is something the company’s board “does and will continue to consider.” When asked if Diageo had researched such a listing on the Hong Kong exchange, Walsh said, “yes, there will have been some discussion documents provided.” He added, though, that such a move wasn’t imminent.

Industry observers have speculated that Diageo—whose shares are currently listed on the London and New York stock exchanges—might list in Hong Kong if it needs to finance a major acquisition in Asia. Walsh has also said the company is enjoying fast growth in Asia and that he would be disappointed if it didn’t reach its goal of having 50% of its sales in emerging markets (up from its current 40%) earlier than its planned target of 2015.

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