Diageo completes acquisition of Mey IckiDownload file

Diageo has today announced that having received the necessary regulatory clearances it has completed the acquisition of Mey Içki, the leading spirits company in Turkey. The Turkish Competition Authority clearance is conditional upon the subsequent disposal of the Mey Içki brands Hare liqueur and Maestro gin.  Diageo anticipates that these disposals will be completed within the current financial year. Mey Içki will be fully consolidated and transforms Diageo's existing position in this fast growing spirits market. Diageo announced its intention to acquire Mey Içki on 21st February 2011. The enterprise value for the acquisition is $2.1 billion (£1.3 billion).