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Sunday, February 20, 2011

Diageo near deal for Turkish spirits maker-WSJ, (DGE)

Diageo PLC (DGE.L) is close to buying Turkish spirits company Mey Icki for between $2 billion and $2.5 billion, and is set to announce a deal on Monday, the Wall Street Journal reported. Mey, the dominant producer of Turkey's anise-flavored national drink, raki, is owned by private equity group TPG Capital [TPG.UL]. TPG and Diageo were not immediately available for comment. (Reporting by Martinne Geller; Editing by Dale Hudson)

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