Published: (20-03-2009)
Written by: Richard Ross
Whyte & Mackay, the Scotch whisky group, is being offered for sale by India-based United Spirits, after the company acknowledged that a sale of a minority 49% stake was not attracting interest.
United Spirits boss Vijay Mallya is expected to raise just a small proportion of the original purchase price, perhaps only as little as $300 million, according to some analysts. The UB Group bought Whyte & Mackay for £595 million ($883 million) in 2007..
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