Announced
Financials
Sources
Tags
Acquisition
Friendly
Distillers and Vintners
whiskey
Pending
Merger
India
alcoholic beverages
Brewers
Private
Single Bidder
Majority
Synopsis
Diageo-controlled United Spirits, India’s biggest liquor firm, has proposed a merger with its majority owned and listed subsidiary Pioneer Distilleries. “The proposed merger is part of our strategy to consolidate the India business and further simplify the operating structure which would result in enabling business synergies and efficiencies,” Sanjeev Churiwala, Diageo India executive director and CFO.
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