logo-loader
viewDiageo PLC

Diageo completes sale of wine businesses

Deal leaves company focused on spirits and Guinness

shutterstock_71718745.jpg
Diageo has sold US-based Chateau and Estate Wines and UK-based Percy Fox

Drinks group Diageo (LON:DGE) has completed the sale of its major wine interests, leaving it focused on spirits and beer.

The maker of Johnnie Walker whisky and Guinness said it had sold US-based Chateau and Estate Wines and UK-based Percy Fox to Treasury Wine Estates, as announced last October.

It is the latest deal in the drinks industry following the proposed mega-merger between Anheuser-Busch InBev and SABMiller (LON:SAB).

Quick facts: Diageo PLC

Price: 3060 GBX

LSE:DGE
Market: LSE
Market Cap: £74.49 billion
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Belvoir Group's Dorian Gonsalves discusses acquisition of Lovelles

Belvoir Group PLC's (LON:BLV) Dorian Gonsalves speaks to Proactive London's Andrew Scott following the news they're to acquire Lovelles, a privately-owned franchised estate agency network with 19 branches in the Lincolnshire and Humber region. Separately he says trading in the second half of...

14 hours, 20 minutes ago

RNS

Transaction in Own Shares

13 hours, 28 minutes ago

Transaction in Own Shares

1 day, 13 hours ago

Transaction in Own Shares

2 days, 13 hours ago

Director/PDMR Shareholding

2 days, 16 hours ago

Director/PDMR Shareholding

2 days, 19 hours ago

Transaction in Own Shares

3 days, 13 hours ago

Transaction in Own Shares

6 days, 13 hours ago

Transaction in Own Shares

1 week, 1 day ago

2 min read