West LB is close to selling its stake in Whyte & Mackay to the Scotch whisky group's CEO Vivian Imerman, according to press reports.

The UK's Daily Telegraph reported today that Imerman is understood to have made an offer for WestLB's 30% stake in the business.

Neither Whyte and Mackay nor WestLB commented.

The deal would give Imerman and his brother-in-law Robert Tchenguiz a 90% share of the company.