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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.

 

Full Content: Economic Times of India

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