Diageo : further increases shareholding in United Spirits Limited
February 28, 2020 at 09:36 am EST
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28 FEB 2020
28 FEB 2020Press release
Press release
Diageo further increases shareholding in United Spirits Limited
Today, Diageo acquired a further 5,075,000 shares (approximately 0.70% shareholding) in United Spirits Limited ('USL') at a per share price of INR693.25. The shares were purchased on the National Stock Exchange of India and take Diageo's controlling shareholding position to 55.9% of USL.
India remains one of the most exciting growth markets in the world for total beverage alcohol. This transaction forms part of Diageo's long-term strategy of premiumisation within the market. During the first half of fiscal 2020, the 'Prestige and Above' segment in India grew by 5%, driven by Johnnie Walker and Black & White.
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Investor Relations:
Andrew Ryan
+44 (0) 20 8978 6504
investor.relations@diageo.com
Media Relations:
Jessica Rouleau
+44 (0) 7925 642 561
press@diageo.com
About Diageo
Diageo is a global leader in beverage alcohol with an outstanding collection of brands across spirits and beer categories. These brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Tanqueray and Guinness.
Diageo is a global company and our products are sold in more than 180 countries around the world. The company is listed on both the London Stock Exchange (DGE) and the New York Stock Exchange (DEO). For more information about Diageo, its people, brands and performance, visit us at Diageo.com. For our global resource that promotes responsible drinking through the sharing of best practice tools, information and initiatives, visit DRINKiQ.com.
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28 FEB 2020
Diageo further increases shareholding in United Spirits Limited
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Diageo plc published this content on 28 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 February 2020 14:35:02 UTC
Diageo plc is one of the world leaders in the production and marketing of alcoholic drinks. The group's products are marketed under the Smirnoff, Johnnie Walker, Baileys, Captain Morgan, Jose Cuervo, Tanqueray brands, etc. Net sales break down by family of products as follows:
- spirits (80.8%);
- beer (14.3%);
- ready-to-drink beverage (3.8%);
- other (1.1%).
Net sales are distributed geographically as follows: the United Kingdom (9.1%), the United States (29.7%), India (11.7%) and other (49.5%).