Financial Times FT.com

Diageo vodka deal hits a glitch

By Jenny Wiggins

Published: March 26 2008 08:39 | Last updated: March 26 2008 08:39

Diageo, the world’s largest drinks group, on Wednesday said its $900m purchase of a 50 per cent stake in Ketel One vodka would be delayed after US regulators requested more information on the deal.

Diageo had initially expected to close the acquisition on March 31 but the deal, if approved, is now unlikely to close before the end of June after the Federal Trade Commission made a so-called “second request” for information.

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