TPG Capital Exits Mey Icki

Premium beverage company Diageo PLC is near a deal to buy Turkish spirits company Mey Icki from private equity firm TPG Capital, Reuters reported. The deal is valued at between $2 billion and $2.5 billion. Mey Icki is a producer of Turkey’s national drink, raki. Diageo owns brands including Smirnoff, Johnnie Walker and Captain Morgan.

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