CIC buys part of Diageo - report

Tue Jul 21, 2009 5:41am BST
 
Email | Print | | Single Page
[-] Text [+]

NEW YORK (Reuters) - China's sovereign wealth fund, China Investment Corp, has acquired a 1.1 per cent of Diageo (DGE.L) drinks group, the Financial Times reported.

The move gives it a stake worth 221 million pounds in the London-based firm, the paper said.

Diageo, the world's biggest spirits group, makes drinks including Johnnie Walker and J&B scotch whiskies.

 
Lloyd Blankfein, Chairman and CEO of Goldman Sachs, participates in a panel discussion at the Clinton Global Initiative in New York September 23, 2009.   REUTERS/Chip East
Do banks do "God's work"?

The chief executive of Goldman Sachs, which has attracted widespread media attention over the size of its staff bonuses, believes banks serve a social purpose and are doing "God's work".  Blog 

Photo

Market Update

  • UKUK
  • USUS
  • Europe
  • Asia
  • UK Most Actives

Most Popular Business News on Reuters UK

  • Articles
  • Videos