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Online edition of India's National Newspaper Tuesday, April 24, 2001 |
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Bacardi buys out Mauritius firm
BANGALORE: Bacardi International has announced that it had
acquired American Beverages (Mauritius). Mr. Ruben Rodriguez, CEO
of Bacardi, speaking from London, said, ``This acquisition
represents a significant move towards expanding our business in
Asia, and particularly in India and is reflective of our long-
term commitment in the region." American Beverages (Mauritius)
has 51 per cent shareholding in Whyte and Mackay India with
Radico Khaitan as the local joint venture partner, a Becardi
release said.
- PTI
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