:. Food Industry News

Categories: Mergers and Acquisitions

U.S. Asks Diageo for More Info on Ketel One Deal

Source: Reuters
26/03/2008

London, Mar. 26 - Spirits group Diageo said on Wednesday that U.S. regulators had asked for further information with regard to its planned venture with the Nolet family of the Netherlands to sell Ketel One vodka.

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"Diageo will comply with the second request as expeditiously as possible and will continue to cooperate fully with the FTC's (Federal Trade Commission's) review," Diageo said in a statement.

The firm, which makes Smirnoff vodka, Johnny Walker whisky and Guinness beer, did not say what the extra information was.

 Diageo agreed to pay the Nolet family $900 million (449 million pounds) in February for a 50 percent stake in a company that will be the exclusive global distributor of Ketel One.



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