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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Diageo Plc | LSE:DGE | London | Ordinary Share | GB0002374006 | ORD 28 101/108P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -53.00 | -1.88% | 2,759.00 | 2,759.00 | 2,760.00 | 2,813.00 | 2,740.50 | 2,795.50 | 5,532,176 | 16:29:59 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Wine & Alcoholic Bev-whsl | 23.52B | 3.73B | 1.6715 | 16.51 | 61.63B |
From Apr 2019 to Apr 2024
By Tapan Panchal
LONDON--U.K. alcoholic beverages company Diageo PLC (DGE.LN) said Thursday that it will acquire full control of a traditional sorghum beer business in South Africa.
Diageo, which owns the Smirnoff vodka and Johnnie Walker scotch whisky brands, agreed to acquire the remaining 50% interest in the company that owns United National Breweries' traditional sorghum beer business in South Africa. It will acquire the stake from Pestello Investments Inc. for an initial payment of $22 million and a potential earn-out payment of up to $14 million.
The acquisition is expected to be completed in the current fiscal year. Diageo acquired its 50% stake in the South African beer business in January 2013.
Pestello Investments is a company affiliated with Indian businessman Vijay Mallya.
Write to Tapan Panchal at tapan.panchal@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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