United Spirits Mulling Whisky Sale To Appease Regulators

Law360, New York (January 9, 2014, 5:47 PM EST) -- Facing regulatory hurdles from a takeover by wine and spirits giant Diageo PLC, India-based United Spirits Ltd.’s board of directors approved a proposal to explore a sale of its Whyte & Mackay Scotch whisky brand, the company said Wednesday.

The USL board has nominated a team to explore the sale of its indirect wholly owned subsidiary Whyte & Mackay Limited, which produces varieties of Scotch whisky, the company said in a filing with Bangalore Stock Exchange. Diageo, which took a controlling stake in USL in 2012,...
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