Diageo to Acquire Don Papa Rum for $280 Million - Overproof

Beverage giant Diageo is adding yet another recognizable brand to its impressive spirits portfolio. The conglomerate announced on Tuesday that it plans to acquire Don Papa Rum. The initial acquisition price is set at €260 million (over $280 million), with a “further potential consideration” of up to €177.5 million (over $191 million) through 2028, depending […]

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