Diageo is looking to divest a bulk of the W&M business

Diageo is looking to divest a bulk of the W&M business

Diageo has declined to comment on reports that Suntory has made a bid for Scotch whisky producer Whyte & Mackay.

Indian financial news site Money Control reported earlier today (20 January) that the Japanese firm has made an offer of just below US$1bn for the entire Whyte & Mackay business. It comes a week after Suntory announced plans to acquire Beam Inc for US$16bn

Suntory's bid for W&M has the backing of three private equity investors, according to unnamed sources quoted by Money Control. 

Diageo has offered to sell off the “bulk” of Whyte & Mackay to satisfy the UK's Office of Fair Trading, in light of its taking control of the Scotch producer's owner, United Spirits, in July.

A Diageo spokesperson told just-drinks today: “We're not commenting.” 

Suntory has yet to respond to a request for comment.