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Diageo Nears $2.5B Mey Içki Deal
Diageo is set to acquire Turkish spirits company, Mey Içki Sanayi ve Ticaret, for between $2 billion and $2.5 billion.
Diageois set to acquire Turkish spirits company,Mey Içki Sanayi ve Ticaret, for between $2 billion and $2.5 billion,The Wall Street Journalreports. Mey Içki’s owner, U.S. private equity firmTPG Capital啊,是考虑n carrying out an initial public offering for the business.
The deal will provide the U.K. alcohol giant access to Mey Içki’s nearly 50,000 retail outlets in the country and an almost 80% share of the Turkish market for national alcoholic beverage, raki.UBSis advising Diageo on the deal.
Click here for the story fromThe Wall Street Journal.