07.09.2011 - Vinexpo news selection
After months of waiting, Diageo has obtained the green light from the Chinese authorities to acquire 4% more stock options of Quanxing Group. When it has paid for this extra 4% batch, Diageo will become the majority shareholder of the group with a 53% holding and will be able to launch a takeover bid for the 4th largest Chinese spirits group Shui Jing Fang of which Quanxing is the main shareholder. (V&S News – 1st July 2011)