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United Spirits Considering Disposal of Whyte & Mackay Stake

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United Spirits Considering Disposal of Whyte & Mackay Stake

United Spirits Considering Disposal of Whyte & Mackay Stake
March 02
11:41 2012
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United Spirits, which is part of Indian conglomerate UB Group, is considering disposing of a 49% stake in its Scotch whisky subsidiary Whyte & Mackay to help reduce debt. Controlled by Indian billionaire Vijay Mallya UB Group, which owns the troubled Kingfisher Airlines business, has debts of $4 billion. United Spirits would retain its 51% stake in Whyte & Mackay, which it acquired for £595 million in 2007.

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