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Angostura in 50:50 JV talks with John Distillers |
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Saturday, 31 March 2007 |
Caribbean spirits giant Angostura, makers of eponymous rums and bitters, has initiated talks for a joint venture with Bangalore-based Rs 600 crore John Distillers (JDL), one of the fastest growing IMFL companies.
Sources said talks centered around a 50:50 JV involved in manufacturing, distribution and marketing of the Angostura and the associate group company brands. Trinidad & Tobago based Angostura’s parent CL Financial has scotch and cognac interests in UK and France.
Source: India Times
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