Diageo 'in advanced talks to sell Burger King'

Diageo is reported to be in advanced talks to sell fast food giant Burger King for more than £1.3 billion.

Diageo 'in advanced talks to sell Burger King'
Wed, 24 Jul, 2002 - 06:59

Diageo is reported to be in advanced talks to sell fast food giant Burger King for more than £1.3bn (€2.05bn).

The Wall Street Journal website, citing unidentified people it said were close to the situation, reported that Texas Pacific Group is likely to buy Burger King for between £1.3bn (€2.05bn) and £1.5bn (€2.68bn).

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