The UB Group has initiated discussions with a clutch of smaller independent Scotch whisky distillers, in case the deal with Whyte & Mackay fails to materialize. Ian Macleod and Macduff International are some of the names that are being mentioned as possible acquisition targets.
UB is working on alternative strategies even as Whyte & Mackay chairman Vivian Imerman is expected to get back on UB’s estimated bid of around £470-480 mn in the next 10 days. Accordingly, UB is looking at buying 2-3 independent distillers with sizable Scotch malt bases valued in the £80-150 mn range. The other potential buyers for Whyte & Mackay are William Grant and Caribbean entity CL Financial who have valued Whyte & Mackay at £300-350 mn.
Read the article in The Economic Times.
Related Post: UB’s bid for Whyte & Mackay hit by price issues
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