INDIA: United Spirits snaps up stake in Liquidity

By | 17 September 2007

United Spirits has acquired a controlling stake in US alcoholic drinks company Liquidity Inc.

The spirits unit of Indian company United Breweris Group confirmed late last week that it has bought a majority stake in the speciality vodka company through its Cyprus-based subsidiary Zelinka. The purchase cost United Spirits US$3m.

No further details were given by United Spirits, as it announced the transaction in a filing to the Bombay Stock Exchange.

In May, United Spirits acquired Scotch whisky firm Whyte & Mackay for $1.18bn after a protracted negotiation period.

Sectors: Spirits

Companies: Whyte & Mackay

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INDIA: United Spirits snaps up stake in Liquidity

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