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Mallya sells share of United Spirits to Diageo
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Brian Lawrence
Nov 10, 2012, 4:42:54 AM11/10/12
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"http://in.reuters.com/article/2012/11/09/united-spirits-diageo-vijay-mallya-idINDEE8A70D120121109"
Diageo, which owns, among others, Johnnie Walker, Guinness, Baileys, &
Smirnoff, will end up with 53.4% of United Spirits in a deal said to be
worth $2.1b.
VJM said it wasn't connected to Kingfisher's current problems.
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Brian W Lawrence
Wantage
Oxfordshire
build
Nov 10, 2012, 7:42:27 AM11/10/12
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On Saturday, November 10, 2012 8:42:50 PM UTC+11, Brian Lawrence wrote:
> Diageo, which owns, among others, Johnnie Walker, Guinness, Baileys, &
> Smirnoff, will end up with 53.4% of United Spirits in a deal said to be
> worth $2.1b.
> VJM said it wasn't connected to Kingfisher's current problems.
> Brian W Lawrence
> Diageo, which owns, among others, Johnnie Walker, Guinness, Baileys, &
> Smirnoff, will end up with 53.4% of United Spirits in a deal said to be
> worth $2.1b.
> VJM said it wasn't connected to Kingfisher's current problems.
The deal may be worth US$2.1B but how much cash does it free up to VJM to support his ego (Kingfisher Airlines)? Well, none really.
How much of United Spirits did VJM own? Oh really that little.
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