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DIAGEO/
RTR32RME
May 28, 2012
Brazilian cocktail Caipirinha, a mix of ice, sugar, lime and cachaca, a spirit made from fermented sugar...
Sao Paulo, Brazil
Brazilian cocktail Caipirinha, a mix of ice, sugar, lime and cachaca, is displayed in a bar in Sao Paulo...
Brazilian cocktail Caipirinha, a mix of ice, sugar, lime and cachaca, a spirit made from fermented sugar cane, is displayed in a bar in Sao Paulo May 28, 2012. British drinks group Diageo is buying Ypioca, a maker of Brazil's most popular spirit, cachaca, for about 300 million pounds ($469 million), boosting its expansion in fast-growing emerging markets while it fights for a bigger prize in tequila. Cachaca accounts for about 80 percent of the volume of the Brazilian spirits industry. REUTERS/Paulo Whitaker (BRAZIL - Tags: BUSINESS)
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