* Deal for .23 bln
* Fortune shares down 1 pct
(Rwerites paragraph 1, adds analsyt comment)
By Mihir Dalal and Denny Thomas
HONG KONG/BANGALOER, May 20 (Reuters) - Fortune Brands Inc
pure-play alcoholic drinks company.
Late last year, the maker of Jim Beam bourbon announced
pressure from activist investor Willaim Acmkan. [ID:nN07107821].
Fortune, which said its busniess seapration plan was on
of about .1 billion from the sale.
"We think the valuation of the business is fair, with the
Jefferies analyst Douglas Lane said in a note.
Fila Korea saw off interest from priavte equity fund
about .2 million last year.
"The golf businses will be a good fit with the new group,
apparel," anlayst Lane said.
The Fila-led group inlcudes Mirae Asset Private Equity,
National Penison Service of Korea and Korea Development Bank.
Fila Korea acquired the global Fila brand in 2007 from
estbalished in Italy in 1911.
Morgan Stanley and Centerview Partnres adivsed
Fila.
Fortune's shares were down 1 precent at .18 on Friday
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