BRIEF-Diageo reaches joint venture agreement

LONDON Mon Jan 28, 2013 4:05am EST

LONDON Jan 28 (Reuters) - Diageo PLC : * Diageo reaches jv venture agreement * Agreement to form 50:50 jv in respect of united national breweries'

traditional sorghum beer business in S.Africa * To acquire a 50% interest in the company which owns united national

breweries' traditional sorghum beer business in sa * The remaining 50% will be held by a company affiliated to mallya * Will acquire its 50% interest for $36 million