The Edrington Group is looking to sell off one of its disused Scotch whisky distilleries to a consortium of Eastern Europeans, according to local reports.

Speculation in the UK press yesterday (1 January) suggested that the private group, which operates Highland Distillers, plans to sell its facility at Glenglassaugh. The distillery, which was a one-time contributor to The Famous Grouse and Cutty Sark blends, has been mothballed since 1986.

Reports have suggested that the consortium, which includes a Russian businessman and a buyer from Lativa, will pay between GBP2m and GBP3m for the Speyside-based distillery.

No-one was immediately available for comment at the Edrington Group when contacted by just-drinks today (2 January), although a spokesperson for the company was cited in one report this week as saying: "I can confirm that Edrington has received a number of enquiries which may or may not lead to a formal offer."