Smirnoff owner Diageo is reportedly eyeing a slice of US-based whisky producer Beam.

The owner of Guinness is targeting a thirst for spirits among the Indian middle classes by taking a stake in Asian drinks giant United Spirit.

GLOBAL drinks giant Diageo has remained true to its word of targeting bolt-on acquisitions in emerging nations as its preferred growth route — by announcing the £1.3bn (€1.54bn) takeover of Turkey’s leading spirits company Mey Icki.

Drinks giant Diageo said today it has reached agreement to acquire Mey Içki, the leading spirits company in Turkey, for around TL3.3bn (€1.5bn).