CIC buys part of Diageo - report
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.
© Thomson Reuters 2009 All rights reserved.
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