Sunday 4 December 2016

Burrows in €1.6bn booze deal

Published 27/02/2011 | 05:00

FORMER Bank of Ireland governor Richard Burrows has helped sell Turkey's largest booze company Mey Icki to Diageo in a €1.6bn deal. Mey Icki, which was backed by private equity group Texas Pacific, is best known for its fiery Raki liqueur.

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Mr Burrows, who stepped down from Bank of Ireland after apologising for the carnage wreaked on shareholders, has been a a director of Mey Icki since early 2008. His role at the company was "primarily in strategic planning for the company's long-term growth".

After leaving Bank of Ireland he was appointed to the board of British American Tobacco, where he now serves as chairman.

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