United Breweries Group acquires Whyte & Mackay

IndiaÆs United Breweries Group will buy the Scotch whisky business for $1.18 billion, raising part of the finance by leveraging the target's inventories.

IndiaÆs liquor baron Vijay Mallya, via his group company United Spirits, has sealed a deal to acquire ScotlandÆs Whyte Mackay for ú595 million $1.18 billion. The acquisition is driven by the potential for the targetÆs brands in India, a country where a history of Scotch whisky drinking and rising prosperity levels are driving up demand.

Mallya has conducted the acquisition through his company United Spirits, a part of the United Breweries UB Group. Mallya, who is chairman of UB...

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