Major merger for wine trade
Major merger for wine trade
Sep 15, 2010 6
Gilbey’s, the wine wing of multinational Diageo, has been sold to Tipperary based drinks distributor, Gleeson Group. The move was notified to the Competition Authority on 30 July, and, following examination by that body, the transaction is likely to be completed by the autumn.Gilbey’s is believed to have been worth around e6m. Following re-financing some time ago, Gleeson Group is understood to have had up to €25m available for investments and acquisitions.
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