Diageo announces that it has successfully completed its joint acquisition with Pernod Ricard of the Seagram spirits and wine business.
This follows the US Federal Trade Commission's consent order of Wednesday 19 December, permitting the acquisition. At that time we announced that we expected to close the deal within a matter of days and Diageo is pleased that it has been able to achieve this.
Diageo Chief Executive Paul Walsh said: 'We are delighted with this news as it further underlines Diageo's position as the world´s leading premium drinks business.'
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Notes to editor:
Diageo is the world´s leading premium drinks business. Formed in December 1997 by the merger of GrandMet and Guinness, Diageo has an unrivalled portfolio of brands including Smirnoff, Johnnie Walker, Tanqueray, Guinness, J&B, Baileys, and Cuervo.
Diageo is a global company, trading in over 180 markets around the world. The company is listed both on the London Stock Exchange (DGE) and on the New York Stock Exchange (DEO). For more information about Diageo, its brands, people and performance, visit us at www.diageo.com.