Goldman Sachs has stepped down as joint broker to drinks group Diageo just days after the appointment had been confirmed.
Goldman announced that it was stepping down last night due to complaints of a conflict of interest by Allied Domecq, the drinks group to which Goldman has a long-standing role as financial advisor.
Goldman Sachs was named joint broker to Diageo last week along with Credit Suisse First Boston.
Goldman announced that it was stepping down last night due to complaints of a conflict of interest by Allied Domecq, the drinks group to which Goldman has a long-standing role as financial advisor.
Goldman Sachs was named joint broker to Diageo last week along with Credit Suisse First Boston.
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