January 28, 2013 / 9:06 AM / 5 years ago

BRIEF-Diageo reaches joint venture agreement

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

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