Announced
Completed
Financials
Tags
Private
Disposal
Completed
Distillers and Vintners
produces wine
United Kingdom
Majority
Friendly
Single Bidder
Acquisition
Cross Border
Synopsis
Treasury Wine Estates, an Australian provider of wines, completed the acquisition of the wine division of Diageo, an alcoholic beverage group, for $600m. “Diageo’s strategy is to drive stronger, sustained performance through focus on our core portfolio and today’s announcement is another element of that strategy in action. Wine is no longer core to Diageo and this sale gives us greater focus," Ivan Menezes, Diageo CEO.
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