Challenges article Mentionned yesterday but didn't find it
The listed French luxury goods company LVMH may acquire Diageo’s 34% stake in the drinks group Moet Hennessey, The Daily Telegraph reported.
The newspaper’s market report section mentioned talk that LVMH might buy out Diageo’s stake in the joint venture for more than EUR 6bn (USD 6.81bn), but did not cite a source for the rumour.
Diageo’s share price gained 11.5p on the speculation to close at 1881p in London yesterday, 17 June, the article noted.
Daily Telegraph
Value EUR 6,000m (Potential deal value - LVMH acquisition of Diageo's 34% stake in Moet Hennessey (Daily Telegraph))