The United Breweries Group is close to acquiring Glasgow-based distillers Whyte & Mackay for nearly £500 mn (Rs. 4350 crores) by January-end. This will be the largest outbound acquisition by an Indian company.
United Spirits, a part of the group flagship United Breweries, might be the investment vehicle for the acquisition of Whyte & Mackay.
Citigroup advised Whyte & Mackay, while United Spirits was advised by UBS.
The acquisition follows United Breweries’ attempt to acquire Taittinger, the world’s sixth largest champagne company, for £400 mn.
Read more in the Business Standard article.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment