Diageo PLC (DGE.L)
27 Mar 2017
Latest Key Developments (Source: Significant Developments)
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: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: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
SYDNEY, Feb 14 Australia's Treasury Wine Estates Ltd, the world's biggest listed stand-alone wine company, posted a record half-year profit as it catered to China's thirst for mid-range product and benefited from a United States purchase.