EU CONSUMER STAPLES: Diageo; Bloomberg carries restructuring leaks

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"Among the range of possibilities being studied is a potential spinoff or sale of Guinness, its premier beer brand, which would likely be valued north of $10 billion, people familiar with the matter said. The company could run a dual-track process, weighing a listing while also gauging takeover interest, if it decides to proceed, they said." -bbg

"Diageo’s 34% stake in LVMH’s drinks division, Moet Hennessy, is also under review, the people said, asking not to be identified discussing private deliberations. Diageo could look to deepen its ownership in the venture, or exit altogether." -bbg

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