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Burrows in €1.6bn booze deal

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.

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.

Sunday Indo Business