Diageo sells BK chain

Drinks giant Diageo ended its long-running attempt to offload fast-food chain Burger King by unveiling its £1.44bn (€2.26bn) sale today.

Diageo sells BK chain
Thu, 25 Jul, 2002 - 13:43

Drinks giant Diageo ended its long-running attempt to offload fast-food chain Burger King by unveiling its £1.44bn (€2.26bn) sale today.

Diageo, which wants to focus on its more profitable drinks business, said it had agreed a deal with a group led by US private equity firm Texas Pacific.

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