United Spirits considers selling Whyte & Mackay completely

Whyte & Mackay, including the brands, distilleries and scotch inventory, may be valued at around $800 million

Ever since Diageo struck a deal to buy controlling stake in United Spirits Ltd, the two companies have pulled all stops to ensure the “dream combination” gets all the regulatory clearances. Diageo had even voluntarily offered to sell off a significant portion of its wholly-owned Whyte & Mackay to allay competition concerns being probed by the UK's Office of Fair Trade. However, matters have taken a turn since, and the company is now said to be considering the sale of the entire asset of Whyte & Mackay and not a major part (about 70 per cent) of the company, ...