Diageo seeks to divest the rest of its beer portfolio aside from its flagship brand Guinness, Richard Collings of Politico reports, citing sources familiar with the company. Among the beer brands Diageo could look to sell are Smithwick’s, Kilkenny and Harp Lager, based in Ireland, and Tusker in Kenya, among others, the sources said.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on DEO:
- Diageo price target lowered by 200 GBp at RBC Capital
- Diageo downgraded to Neutral from Overweight at JPMorgan
- Diageo price target lowered to 3,500 GBp from 4,000 GBp at JPMorgan
- Diageo price target lowered to 3,730 GBp from 4,440 GBp at Barclays
- Diageo price target lowered to 2,550 GBp from 2,750 GBp at Deutsche Bank
