Diageo dismisses Guinness sale rumours
Following speculation they were selling off the Guinness brand, drinks giant Diageo has confirmed they have no intention to sell it off.
Rumours began circulating at the weekend of a possible sale after a Bloomberg News report said the company was exploring options for Guinness, as well as reviewing its investment in Moet Hennessy.
The report claimed Guinness could be valued at over $10 billion.
The world-renowned stout has been in the news of late after there were fears of a shortage of the black stuff ahead of Christmas.
In a statement, Diageo dismissed rumours of a sale, saying they had noted the recent media speculation about the brand and their stake in Moet Hennessy.
“We can confirm that we have no intention to sell either,” said the statement.
“We will next update the market with Interim results on 4th February and we look forward to hosting our Guinness investor and analyst day on 19th and 20th May,” they added.
