Diageo has agreed to sell Australian ready-to-drink brands UDL and Ruski Lemon to Vok Beverages. The financial details were not disclosed. The sale is expected to be finalized by October 1st. UDL and Ruski were created by Diageo, with limited sales in New Zealand and the South Pacific. Vok Beverages specializes in alcoholic drinks production and marketing, with plans to revamp the brands. This sale is part of Diageo’s cost-saving efforts, aiming to save $625m over three years.

Read more at Yahoo Finance: Diageo sells two RTD brands to Australia’s Vok Beverages