Diageo to take controlling stake in Zacapa rum

09 June, 2011

Global drinks giant Diageo has reached an agreement with Industrias Licoreras de Guatemala to take a 50% controlling stake in the Guatemalan Zacapa rum brand.

In 2008 Diageo entered into a three year distribution agreement for Zacapa rum with the option to take an equity stake in Zacapa at the end of the term.

A statement from Diageo said: "We have now reached an agreement and, subject to the usual closing conditions, Diageo will take a 50% controlling stake in Zacapa.

"No details of the transaction are being released but we can confirm that it meets Diageo's investment criterion and is economic profit positive in year three."

Printer friendly version
Email this article to a friend
Keywords: global, drinks, diageo, rum, agreement, zacapa, stake, controlling, giant, reached, zacapa rum, rum global, global drinks, giant diageo, drinks giant, zacapa rum global, rum global drinks, global drinks giant, drinks giant diageo




Comment

David Williams

Championing the unsung wine heroes

The wine trade can be divided into two fundamentally opposed camps. on one side, you have the romantic idealists who believe that wine is – or can be – something special, bordering on mystical: an elixir like no other, comparable to the greatest works of art.

Click for more »

Events

Facebook

Twitter