Bacardi International Limited Acquires American Beverages (Mauritius) Limited

Apr 20, 2001, 01:00 ET from Bacardi Limited

    LONDON, April 20 /PRNewswire Interactive News Release/ -- Today Bacardi
 International Limited announced its acquisition of American Beverages
 (Mauritius) Limited.
     Ruben Rodriquez, CEO of Bacardi Limited, said, "This acquisition
 represents a significant move towards expanding our business in Asia and
 particularly in India, and is reflective of our long-term commitment in the
 region."
     American Beverages (Mauritius) Limited has a fifty-one percent
 shareholding in Whyte and Mackay India Limited with Radico Khaitan as the
 local joint venture partner.
     Bacardi International Limited has an existing joint venture in India
 through the relationship between Bacardi Martini India Limited and Gemini
 Distilleries, which has been very successful in launching Bacardi Rum and
 developing the white spirits segment in India.  Commenting further, Ruben
 Rodriguez said, "The two companies, Whyte and Mackay India Limited and Bacardi
 Martini India Limited will operate as independent entities while taking
 advantage of any potential synergies."
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X20475761
 
 

SOURCE Bacardi Limited
    LONDON, April 20 /PRNewswire Interactive News Release/ -- Today Bacardi
 International Limited announced its acquisition of American Beverages
 (Mauritius) Limited.
     Ruben Rodriquez, CEO of Bacardi Limited, said, "This acquisition
 represents a significant move towards expanding our business in Asia and
 particularly in India, and is reflective of our long-term commitment in the
 region."
     American Beverages (Mauritius) Limited has a fifty-one percent
 shareholding in Whyte and Mackay India Limited with Radico Khaitan as the
 local joint venture partner.
     Bacardi International Limited has an existing joint venture in India
 through the relationship between Bacardi Martini India Limited and Gemini
 Distilleries, which has been very successful in launching Bacardi Rum and
 developing the white spirits segment in India.  Commenting further, Ruben
 Rodriguez said, "The two companies, Whyte and Mackay India Limited and Bacardi
 Martini India Limited will operate as independent entities while taking
 advantage of any potential synergies."
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X20475761
 
 SOURCE  Bacardi Limited