LSE:DGEBeverage
Diageo Weighs RCB Exit As Private Equity Interest And Valuation Gap Grow
Diageo, listed as LSE:DGE, is exploring a sale of its stake in IPL champion Royal Challengers Bengaluru.
Global private equity firms including Blackstone, Temasek, Advent International, PAG and Carlyle are reported to be interested in the stake.
The process points to a potential shift in the ownership of one of cricket's highest profile franchises.
For investors following Diageo at a current share price of £16.38, the possible exit from Royal Challengers Bengaluru comes after a challenging...