Global drinks firm Diageo has acquired a 25-percent stake in United Spirits , considerably less than the London-listed firm had originally hoped for. In November, Diageo said it was buying 27.4 percent of United Spirits directly from the group, which is controlled by tycoon Vijay Mallya. It also launched a mandatory offer for another 26 percent on the open market. equity tips
Gold held above a 10-week low as rising tension in Ukraine stoked haven demand and buying increased in China, the world’s largest consumer. Palladium headed for a weekly advance.
Global drinks firm Diageo has acquired a 25-percent stake in United Spirits , considerably less than the London-listed firm had originally hoped for. In November, Diageo said it was buying 27.4 percent of United Spirits directly from the group, which is controlled by tycoon Vijay Mallya. It also launched a mandatory offer for another 26 percent on the open market.
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Gold held above a 10-week low as rising tension in Ukraine stoked haven demand and buying increased in China, the world’s largest consumer. Palladium headed for a weekly advance.
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