15th Dec 2015 07:00
LONDON (Alliance News) - The former chief executive of drinks giant Diageo PLC may be set for a return to the beverage industry amid reports he will team with private equity house TPG Capital to consider a GBP2.0 billion bid to acquire the Grolsh and Peroni beer brands set to be sold as part of the merger of Anheuser-Busch InBev NV and SABMiller PLC, The Times reported.
Paul Walsh is likely to become chairman of the business should a bid for the assets emerge, adding to his existing role as chairman of catering and outsourcing giant Compass Group PLC.
AB InBev said earlier this month it was considering selling the Grolsch and Peroni brands as it seeks to address competition concerns over its acquisition of SABMiller.
http://www.thetimes.co.uk/tto/business/industries/retailing/article4641011.ece
By Sam Unsted; [email protected]; @SamUAtAlliance
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