date:May 04, 2014
Diageo Plcs United Spirits Ltd. is holding talks to sell the Whyte Mackay spirits business to Alliance Global Group Inc., the Philippines-based owner of Emperador brandy, people familiar with the process said.
The transaction may value the whisky maker at about 400 million ($675 million), according to the people, who asked not to be identified because discussions are private. Talks are advanced, though they could still fall apart over matters including valuation, the people said.
Diageo, the