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Whisky concerns
WHYTE & MACKAY DISTILLERS
March United Spirits part of the Indian U.B. Group and owner of Whyte
& Mackay has sold more cases in the year ending March 2009, but
a drop in profits of 4 ½ %
The reason the high interest which they have to pay for the $ 600
million in 2007 to buy W & M
A company within the U B Group sold 10.2 % shares from United
Spirits.
United Spirits had already paid back $ 110 million and can now pay
another $180 million back
There was a rumour that Diageo should buy a stake in United Spirits
From Vijay Mallya, owner of United Spirits is said that he woold sell
a minority stake of 49 %, and later it wasd said that he would sell
Whyte & Mackay
October
W & M announces restructuring of their operations: no plant is closed
but 100 out of a workforce of 560 in Scotland will be redundant
November 2009
United Spirits is to sell new shares worth 190.000.000 - 220.000.000 Pounds to institutions
to help reduce its debt pile of almost 890.000.000 Pounds
A large part of the debt was incurred in United Spirit's 595.000.000 Pounds acquisition of
Whyte & Mackay Distillers in 2007
Vijay Mallya, would sell a stake in United Spirits to private - equity firms or Diageo of
15 %
It is said that at Whyte & Mackay Distillers, with the grain distillery Invergordon and the malt distilleries (Old) Fettercairn, Dalmore, Jura and Tamnavulin, about 90 jobs were under
treath in Scotland and 15 in other countries
WHYTE & MACKAY, het eigendom van United Breweries, (U B ) van de Indiase
Vijay Mallya
Capacity:
Dalmore 4.200.000 litres
(Old) Fettercairn 2.300.000 litres
Jura 2.200.000 litres
Tamnavulin 4.000.000 litres
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