Diageo is mulling over a move for Turkish spirits group Mey Icki, according to press reports.
The maker of Smirnoff and Guinness could bid up to $2.5bn (£1.58bn) for the Turkish company, which was state-owned until it was sold to private equity group TPG Capital in 2006. That deal valued the business at $600m.
Talks between Diageo and Mey Icki’s owner are said to be at an “exploratory” stage.
News of the approach comes with Diageo awaiting regulatory clearance for its £700m move for Chinese spirits maker Shui Jing Fang.
Diageo in talks with the makers of Zacapa Centenario rum (23 November 2010)
Cable backs Diageo’s bid for China spirits group (8 November 2010)