CEO of Diageo, Paul Walsh, has outlined the potential of the global baiijiu market and has stated that the company is ready for further acquisition in the category.   

Diageo has successfully closed its public offer to acquire an additional 10.62% stake in Hanoi Liquor Joint Stock Company (Halico) in Vietnam. 

French spirits group La Martiniquaise has finalised negotiations to take over Quartier Français Spiritueux. The financial details of the acquisition have not been disclosed. La Martiniquaise first announced their intention to acquire the company in early 2011. 

Diageo has completed the acquisition of the Meta Abo Brewery in Ethiopia for US$225 million.

Central European spirits and liqueurs company Stock Spirits Group is gearing up to acquire new business.

Gruppo Campari has announced the acquisition of Brazilian cachaça brand Sagatiba and half-year sales growth of 14.2%.

Diageo has struck an agreement to acquire Turkey's "leading" spirits company, Mey Içki.

Constellation Wines Australia and Europe has been renamed Accolade Wines following the completed acquisition of an 80% share in the company by Australian equity group Champ.

Africa: Heineken has announced the acquisition of two holding companies from the Sona Group. The two acquired businesses have controlling interests in each of the Sona, IBBI, Benue, Life and Champion breweries in Nigeria.

Central European Distribution Corporation (CEDC) has announced that it has decided not to pursue the acquisition of Ukrainian vodka company Nemiroff.

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La'Mel Clarke

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