
Guinness could be valued more than $10 billion, reports Bloomberg.
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One of the biggest in the world of alcohol manufacturers Diageo is exploring the possibility of selling the famous Irish brand of beer Guinness. The unit is preliminarily valued as at a minimum of $10 billion, although it is likely that the price for it will rise.
Diageo is also considering the possibility of expanding its participation in the alcoholic division of LVMH Moët Hennessy, in which it owns 34% of shares. But it also doesn’t exclude the scenario of a full withdrawal from the number of shareholders.
After the publication of news about the possible sale of Guinness shares of the liquor company with the headquarters in London rose by 6,8% – this is the biggest growth for Diageo over the last 4 years.
Diageo is first first to specialize in the production of Scots whisky. The company owns such wisky brands as Johnnie Walker, J&B and Old Parr. In addition, Diageo’s portfolio includes Smirnoff vodka, Baileys, Captain Morgan, Gin TanquerayandGordon’s.
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