Diageo Buys Into Chinese White Spirits

Diageo will take a controlling stake in China's Sichuan Chengdu Quanxing Group, after buying a 4% shareholding in Quanxing from Chengdu Yingsheng Investments for US$21M, thus raising its stake in Quanxing to 53%. The first 43% was acquired in 2007 and subsequently increased to 49% in 2008. Quanxing is a holding company and has a 39.7% stake in ShuiJingFang, which is China's fourth largest white spirits producer. The deal needs regulatory approval.

Author
Un-named
Origin
Unknown
Journal Title
Brewer & Distiller Int April 2010 4
Sector
News Items
Class
N 2444

Request article (free for British Glass members)

Diageo Buys Into Chinese White Spirits
Brewer & Distiller Int April 2010 4
N 2444
Are you a member?
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.
2 + 4 =
Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.