Diageo sells Indian cricket team for USD 1.8 billion

India | Diageo is in line for a cash windfall from the sale of the Indian Premier League Royal Challengers Bengaluru cricket team, which was acquired by a consortium backed by Blackstone for approximately USD 1.8 billion. This transaction is a key outcome of its portfolio review, Diageo initiated in November 2025, which is intended to strengthen the group's balance sheet. It also signals a deliberate shift away from non-core assets.

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