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Diageo plc Completes Acquisition Of Mey Icki
Diageo plc announced that having received the necessary regulatory clearances it has completed the acquisition of Mey Icki, the spirits company in Turkey. The Turkish Competition Authority clearance is conditional upon the subsequent disposal of the Mey Icki brands Hare liqueur and Maestro gin. Diageo anticipates that these disposals will be completed within the current financial year. Diageo announced its intention to acquire Mey Icki on February 21, 2011. The enterprise value for the acquisition is $2.1 billion (GBP1.3 billion).
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