A recent article in the ET talks about Bacardi's plan to rev up its Indian operations.
Semus Mc Bride, president and CEO of the company opined that the company’s past inconsistencies in investments in the Indian market would be given away and the company was looking forward for some aggressive acquisitions.
The market is rift with speculations that Bacardi has approached Vijay-Mallaya led USL for a possible stake in the company. USL has been in talks with Diageo for a minority stake sale since the past 18 months. The dilution is aimed at reducing the debt:equity ratio in the USL books which have soared following the Whyte and Mackay acquisition by USL. Analyst say that the subsequent delay in the negotiations between USL and Diageo had led USL pursuing other potential suitors.
Monday, March 2, 2009
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