date:May 07, 2014
Emperador Distillers, the Philippines-based hard liquor unit of Alliance Global Group, is in talks with United Spirits to purchase the latter's Whyte and Mackay spirits business in the UK.
The proposed transaction is expected to be valued at around $675m, reports Bloomberg.
However, the company has not entered into any agreement to this effect.
Diageo, the owner of United Spirits, joined forces with Emperador in March to bring its alcoholic beverages to the Philippines.
Emperador Distillers