China: Diageo has been given the go-ahead to make an offer for the remaining shares of ShuiJingFang. The maximum offer stands at GBP630m.

Russian Standard Corporation has proposed the additional acquisition of nearly 20% of Central European Distribution Corporation’s (CEDC) shares as part of a "strategic alliance". 

SABMiller has proposed to make a conditional, off-market, cash takeover offer for all of the issued shares in Foster’s Group. 

Brown-Forman has announced that its board of directors has authorised the repurchase of up to $250 million of its outstanding Class A and Class B common shares until November 30, 2011, subject to market and other conditions.

Foster’s Group has announced a proposal to demerge Treasury Wine Estates at a cost of AU$151m.

Central European Distribution Corporation (CEDC) is to purchase the global rights for Kauffman vodka.

Pernod Ricard has sold its shares in Ambrosio Velasco to Diego Zamora for €33.1 million (excluding debt).

Comment

Dominic Roskrow

It’s ‘up periscope’ for Irish distilleries

I know how wierd this might seem but I often think that the opening of a new distillery is like the launch of a new submarine. It is unveiled in all its pristine glory in a blaze of publicity and fanfare.

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