Ｄiageo (NYSE: DEO) has been given Chinese regulatory approval to increase its stake in Sichuan Quanxing Group by four percentage points to 53%, said Sichuan Swellfun Co (SHA: 600779), a famous brand of traditional Chinese fiery spirit baijiu in which Quanxing owns a 39.71% stake. Swellfun did not reveal how much Diageo paid for the 4% stake. Ｄiageo paid ¥500 million for a 43% stake in Quanxing in 2006, and later increased the holdings to 49% for ¥140 million. Swellfun posted ¥1.82 billion in revenues and ¥235.4 million in net profits last year.
www.diageo.com/
http://fr.wikipedia.org/wiki/Baijiu
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