Diageo To Acquire Cachaca Brand

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Diageo plc
DEO
announced its plans to buy cachaca brand, Ypioca, and certain production assets from Ypioca Agroindustrial Limitada for BRL900 million in cash, or about GBP300M. The transaction is likely to complete in a month. DEO shares closed at $94.61 on Friday.
Posted In: NewsM&Amerger and acquisition
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