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Diageo has not enquired about increasing its stake in Zacapa, the Guatemalan rum brand of which it owns a 50% share, Drinks International has been told.

Global drinks giant Diageo has reached an agreement with Industrias Licoreras de Guatemala to take a 50% controlling stake in the Guatemalan Zacapa rum brand.

Diageo intends to grow Captain Morgan into a "global mega brand", according to Ed Pilkington, the group’s global category director for vodka, gin and rum.

Diageo has initiated discussions to take over 50% of Guatemalan rum brand Zacapa.