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Diageo To Pay $360M In Milestone Chinese Distiller Buy

By Karlee Weinmann (July 23, 2013, 4:37 PM EDT) -- Diageo PLC, the British company behind Johnnie Walker whiskey and other popular liquors, will pay £233 million ($360 million) to round out its stake in Chinese distiller Sichuan Chengdu Shuijingfang Group Company Ltd., continuing its push into Asia, the company said Tuesday....

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