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January 10, 2013
09:03 EDTDEODiageo signs new distribution agreements with Charmer Sunbelt Group
Diageo and The Charmer Sunbelt Group announced that they have entered into new agreements for Arizona, Colorado, Delaware, Maryland, New York, South Carolina, and the District of Columbia. Under these agreements, The Charmer Sunbelt Group will continue as the exclusive distributor for the Diageo portfolio of wines and spirits in these states. The Charmer Sunbelt Group will also continue as the exclusive broker for Diageo wines and spirits in Montgomery County, Maryland.
News For DEO From The Last 14 Days
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October 8, 2015
06:12 EDTDEODiageo under pressure to sell beer business, NY Post reports
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October 7, 2015
05:54 EDTDEODiageo receives $780.5M in asset swap with Heinenken
Diageo (DEO) said it has completed a transaction with Heineken (HINKY) which "brings increased focus to their respective beer businesses in Jamaica, Malaysia, Singapore and Ghana." The transaction comprises the sale of Diageo's 57.87% shareholding in Desnoes & Geddes Limited to Heineken which will increase Heineken's shareholding in D&G to 73.32%; The sale of Diageo's 49.99% stake in GAPL Pte Limited to Heineken giving Heineken full ownership of GAPL; The acquisition by Diageo of Heineken's 20% shareholding in Guinness Ghana Breweries Limited which will increase Diageo's shareholding in GGBL to 72.42%. The net cash consideration receivable for the transaction is $780.5M. Payment to Diageo will be substantially settled today and will be used to reduce borrowings. The transaction will result in a profit on disposal of approximately GBP 440M after tax. It is approximately 0.6 pence per share dilutive to earnings per share pre-exceptional in the first full year assuming a marginal interest rate of 2.5%.
October 5, 2015
10:50 EDTDEODiageo appoints Kathryn Mikells as CFO effective November 9
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September 30, 2015
17:04 EDTDEODiageo could be moving ahead with wine brands sale, Telegraph says
Diageo could be proceeding with its sale of its wine brands, including Blossom Hill, as the company sells off peripheral businesses, reports the Telegraph. Reference Link
11:48 EDTDEODiageo initiated with a Buy at UBS
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