18 May, 2007

UK & India: United Breweries chairman acquires Whyte & Mackay for £595 mil

Indian billionaire Vijay Mallya, chairman of United Breweries, on Wednesday confirmed the acquisition of privately held Glasgow distiller Whyte & Mackay for £595m, Financial Times published May 16.

Mr Mallya, a flamboyant entrepreneur who is considered India's equivalent to Sir Richard Branson (he owns the Kingfisher airline and beer brand), has been negotiating the purchase of W&M on behalf of UB for more than six months.

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