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Bids, Mergers and Takeovers

Diageo completes Casamigos acquisition

16 August 2017 08:45

Diageo has completed the acquisition of Casamigos, the fastest growing super-premium tequila brand in the US.

Diageo said this was an exciting opportunity for it to strengthen its participation in the fast growing tequila category.

Diageo North America president Deirdre Mahlan, "We are excited to work alongside the founders Rande Gerber, George Clooney, and Mike Meldman as we continue to grow the brand."

The acquisition was announced on 21 June.

At 8:45am: (LON:DGE) Diageo PLC share price was +33.25p at 2569.25p

Story provided by StockMarketWire.com

Related Company: DGE

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