Diageo’s £1.1bn bid to lift stake in United Spirits
Spirits giant Diageo is mounting a £1.1 billion bid to take control of India’s United Spirits as it seeks to grow its presence in the world’s largest market for whisky.
If successful, the tender offer would see Diageo – owner of Johnnie Walker Scotch whisky, Smirnoff vodka and Tanqueray gin – owning almost
54.8 per cent of India’s largest spirits maker, which was previously controlled by tycoon Vijay Mallya.
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