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.