Diageo considers selling its assets in China

New Diageo boss Dave Lewis

Diageo is considering options for its Chinese assets, including potential divestments, sources say, as the maker of Guinness and Johnnie Walker seeks to streamline its portfolio.

Diageo is working with Goldman Sachs and UBS to review its operations, which include a 63pc stake in Shanghai-listed Sichuan Swellfun. The advisers have been sounding out initial interest from local strategic buyers and private equity firms, the sources said.

source

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