30th Sep 2015 10:51
LONDON (Alliance News) - Drinks giant Diageo PLC is holding detailed talks about the sale of its wine brands, Sky News reported.
The company is understood to have accelerated plans in recent weeks to offload its wine brands, including Blossom Hill, and the suitor thought to be involved in the talks is Australia's Treasury Wine Estates.
Sources told Sky a deal for the wine business could be done during October, though they cautioned no agreement has yet been signed and the deal could still fall through.
http://news.sky.com/story/1561554/diageo-uncorks-plan-to-sell-global-wines-unit
By Sam Unsted; [email protected]; @SamUAtAlliance
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