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New Deal


Announced

United Spirits to merge with Pioneer Distilleries.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned75%
Capital Bid For25%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Acquisition

Friendly

Distillers and Vintners

whiskey

Pending

Merger

India

alcoholic beverages

Brewers

Private

Single Bidder

Majority

Synopsis

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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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