date:Apr 10, 2013
headquartered Diageo, which has a small, 100% local subsidiary, will be setting the tone of USL's marketing and sales strategies, besides finance. The global giant held a four-month audit on USL trade practices in a business prone to heavy political interventions, and intends to spruce it up further.
Diageo will launch a mandatory open offer for an additional 26% in the company beginning next week, with an intention to take majority ownership depending on the success of the public tender.