The UK’s Office of Fair Trading announced Monday it launched a consultation process to evaluate the merger between spirits giants United Spirits and Diageo, a deal made earlier this month. The OFT said it will look into whether the merger violates competition laws. Diageo is the world’s largest spirits manufacturer and includes popular products such as Johnnie Walker, Guinness and Smirnoff; the company bought a 25 percent share of United Spirits, based in India. Reports say the OFT is open for public comment until August 2 regarding the deal, which resulted in Diageo becoming the largest shareholder of United Spirits. The transaction was delayed by the Competition Commission of India, as well as the Securities and Exchange Board of India, and pushed back the parties’ original expected deadline of last March to complete the buyout.
Full Content: Economic Times
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Google and South Carolina Clash Over State Records Demand
May 8, 2024 by
CPI
Telefonica Germany Teams Up with Amazon Web Services to Migrate 5G Customers
May 8, 2024 by
CPI
Federal Judge Grants $7.4 Million Settlement in Pork Price-Fixing Case
May 8, 2024 by
CPI
Wilson Sonsini Bolsters Antitrust and Competition Practice with Key Partner Returns
May 8, 2024 by
CPI
EU to Scrutinize Telecom Italia’s Network Sale to KKR
May 8, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI