PRESS RELEASE5 Jun 2008
Diageo receives US FTC approval to form a 50/50 Company with Nolet for Ketel One VodkaDownload file
Diageo announces that it has received regulatory approval from the US Federal Trade Commission in respect of the agreement with the Nolet family over its 50% equity interest in a newly formed company which will own the perpetual global rights to sell, market and distribute Ketel One super premium vodka. The deal was announced on 5 February 2008. The transaction is expected to close on 9 June 2008. Diageo will pay $900 million for its equity stake.