Tag Archive: United Spirits
Diageo To Boost Blended Scotch Production With New Highlands Distillery
As part of its ongoing five-year £1 billion ($1.5b) investment in its Scottish operations, Diageo has detailed a number of new moves, including plans for a new £50-million ($76m) distillery at Teaninich in the Highlands. Continue reading →
Posted in News on April 3, 2013News Briefs for February 5, 2013
•Diageo has received an observation letter from the Securities and Exchange Board of India (SEBI) regarding its $2.1 billion plan to acquire a majority stake in United Spirits Ltd. (USL). Continue reading →
Posted in News on February 5, 2013Diageo-USL Deal Held Up By Regulators
Regulatory hurdles will postpone Diageo’s open offer for an additional 26% stake in India’s United Spirits Ltd. (USL), according to multiple reports. Continue reading →
Posted in News on January 7, 2013News Briefs for November 21, 2012
•Following its agreement to acquire 27.4% of India’s United Spirits Limited (USL) earlier this month, Diageo will launch an open offer from January 7-18 to increase its stake in USL to a potential 53.4%. Continue reading →
Posted in News on November 21, 2012With Deal For Control Of USL, Diageo Becomes Force In India
With this morning’s news that Diageo is taking up to a 53% stake in India’s United Spirits Limited for around $2 billion, Diageo is poised to vastly increase its influence in one key emerging market where archrival Pernod Ricard has long held a sizeable advantage. Continue reading →
Posted in News on November 9, 2012Executive Summary: October 29-November 7
- Bacardi Ltd. unveiled a raft of senior executive changes in recent days. Continue reading →
