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India: Execs of $2B alcohol deal meet with antitrust authorities

By  |  February 12, 2013

In efforts to clear a deal worth a reported $2 billion, executives of British alcohol company Diageo and India’s largest spirits company United Spirits reportedly met with the Competition Commission of India earlier this week. Diageo is seeking a majority stake in United Spirits, though a source has said that it will be “some time” before India’s antitrust authority reaches a decision on the deal. According to reports, India’s Securities and Exchange Board has already approved of the deal, which would result in Diageo’s 26 percent stake in the Indian firm.

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    Full Content: Economic Times of India

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