The investment bank WestLB is considering selling its stake in the Scotch Whisky producer Whyte & Mackay, according to UK press reports.

The Daily Telegraph said that sources close to the bank confirmed it was in talks with at least one bidder to sell its holding.

According to the report, Whyte & Mackay confirmed that the company wanted to refinance but would not comment on the talks. WestLB was not available for comment either.