Investment firm suggests that Diageo may eventually sell Guinness brand
As far as acquisitions go, he estimates Diageo has firepower of around £5bn without issuing new equity or making disposals. But he also suggests it could profitably get out of its brewing interests:
We foresee a fresh round of spirits and brewing industry consolidation. Diageo can contemplate this prospect armed with the combination of an unleveraged balance sheet and ownership of a trophy asset, Guinness, that we think is both non-core and of high perceived value to alternative owners.
via guardian.co.uk.
Breweries: Diageo, Guinness Brewery
