Diageo PLC (DGE.L) Key Developments | Reuters.com
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Diageo PLC (DGE.L)

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Latest Key Developments (Source: Significant Developments)

Diageo says Javier Ferrán will be appointed chairman designate
Wednesday, 18 May 2016 09:00am EDT 

Diageo Plc : Javier Ferrán will be appointed chairman designate .Javier Ferrán will be appointed to Diageo board as a non-executive director from 22 July 2016 and will be appointed chairman on 1 January 2017.  Full Article

Diageo PLC - Nigeria fines Guinness $5 mln over expired raw materials - Reuters
Thursday, 12 Nov 2015 01:58am EST 

Diageo PLC:Nigeria's Guinness said on Thursday it had been fined 1 billion naira ($5 million) by the local food and drug agency over alleged infractions relating to the destruction and re-validation of expired raw materials without prior approval - RTRS.The local unit of Diageo said it did not fully understand the basis for the fine, nor the particular regulations infringed, but was in talks with the National Agency for Food and Drug Administration and Control (NAFDAC) to resolve the matter - RTRS.  Full Article

Diageo PLC Sells C&E wine brands and Percy Fox to TWE
Tuesday, 13 Oct 2015 08:00pm EDT 

Diageo PLC:Says has agreed the sale of its major wine interests in an agreement with Treasury Wine Estates relating to the US based Chateau and Estate Wines and the UK based Percy Fox businesses for a consideration of $552 million.The net proceeds of approximately £320 million, after tax and transaction costs will be used to repay borrowings.The transaction, which is subject to regulatory approval, is expected to complete around the end of the calendar year.  Full Article

Diageo PLC announces appointment of Kathryn Mikells as CFO
Monday, 5 Oct 2015 09:00am EDT 

Diageo PLC:Announces that Kathryn Mikells is to be appointed Chief Financial Officer based in London, effective Nov.9.Says Mikells joins from Xerox Corporation, where she is currently CFO, a position she has held since May 2013.Says on Kathryn's appointment Deirdre Mahlan will step down from the Board and her role as CFO.  Full Article

Diageo PLC Voluntarily Recalls Some Smirnoff Ice, Mixed Drinks in Canada - DJ
Thursday, 3 Sep 2015 08:00pm EDT 

Diageo PLC:Diageo PLC is voluntarily recalling some of its bottled drinks in Canada after discovering an issue with the bottles that may cause glass fragments to break off and fall inside - Reuters.The recall applies to some 330 ml glass Smirnoff Ice bottles and 4-pack, 12-pack and individual bottle packages sold in Canada starting July 24. For a full list of the drinks and lots recalled, consumers can check the company's website - DJ.  Full Article

Diageo PLC recommends final dividend
Thursday, 30 Jul 2015 02:02am EDT 

Diageo PLC:Recommends final dividend of 34.9 pence per share.The final dividend will be paid on Oct. 8 to shareholders on the register on Aug. 13.  Full Article

Diageo PLC announces restructuring of South African & Namibian operations
Tuesday, 28 Jul 2015 02:30am EDT 

Diageo PLC:Says that the company, Heineken N.V. and the Ohlthaver & List (O&L) Group of Companies, the majority shareholder of Namibia Breweries Limited (NBL), have agreed to restructure their South African and Namibian joint ventures.Says when the transaction has completed, Diageo will operate in South Africa and Namibia through wholly-owned subsidiaries.Says to implement the transaction, Diageo will sell its 42.25 pct equity stake in DHN Drinks (Proprietary) Limited and transfer the associated shareholder loan to Heineken.Says it will sell its 25 pct equity stake in the Sedibeng brewery in Gauteng, South Africa to NBL and transfer the associated shareholder loan to Heineken.Says it will sell its 15 pct equity stake in NBL to Heineken.Says it will receive a total net cash consideration of ZAR2.5 billion (about 128 million pounds), subject to customary adjustments.Says completion of the transaction is expected before calendar end 2015.  Full Article

Diageo plc announces sale of Gleneagles Hotel
Wednesday, 1 Jul 2015 04:00am EDT 

Diageo plc:Says it has sold Gleneagles Hotel Limited to a private investment group led by Ennismore for an undisclosed amount.Ennismore is a real estate hospitality firm which owns The Hoxton brand, and develops and operates a series of unique hotels in Europe and the United States.  Full Article

Diageo PLC announces acquisition of remaining 50 pct interest in UNB
Thursday, 2 Apr 2015 02:00am EDT 

Diageo PLC:Entered into an agreement to acquire the remaining 50 pct interest in the company, thereby making it a wholly owned subsidiary of Diageo.Diageo will acquire this further interest from Pestello Investments Inc. for an initial payment of $22 million (about 14.8 mln pounds) and a potential earn-out payment of up to $14 million (about 9.4 mln pounds).Transaction is conditional on (among other things) consent from the South African competition authority and is expected to complete in this fiscal year.  Full Article

Diageo completes acquisition of Tequila Don Julio
Friday, 27 Feb 2015 09:30am EST 

Diageo PLC:Completed the acquisition of full global ownership and control of Tequila Don Julio following the receipt of all regulatory approvals.The acquisition strengthens Diageo's position in the growing super premium and above tequila segments globally and the important tequila market in Mexico with an already and well-positioned brand.Gaining full ownership and distribution rights for Tequila Don Julio and Tres Magueyes, alongside the 'La Primavera' distillery, inventory and agave supply.Gives Diageo the ability to make investment decisions across supply, marketing, and innovation to support the continued growth of the brand, and become more competitive in the category.  Full Article

UPDATE 1-Diageo names Lion Capital partner Javier Ferrán chairman

May 18 Spirits maker Diageo Plc said industry veteran Javier Ferrán, a partner at consumer-focused private equity firm Lion Capital, will succeed Franz Humer as chairman on Jan. 1.