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Two companies are vying for the position of favourite to buy Glenmorangie, according to press reports. LVMH Moet Hennessy Louis Vuitton and Pernod Ricard are leading the race to buy the Scottish malt whisky company, Dow Jones said yesterday (13 October), citing sources close to the sale.

The Macdonald family, which is selling its 52% stake in Glenmorangie, favours LVMH and Pernod Ricard over two other bidders, Bacardi International Ltd. and Brown-Forman Corp., a source told the news agency. Press reports have also linked William Grant & Sons and Edrington Group to the sale.

LVMH, Pernod and Bacardi declined to comment to Dow Jones.

"It's a more complex situation than people think," the source told Dow Jones. The Macdonald family is said to want to preserve jobs and its production lines, while some bidders would look to merge Glenmorangie's operations with their own, the source said.

A second source said the process is complicated because of the family's involvement, and that the bidders don't know how long it will take before the Macdonalds choose a buyer.

The sale price will be above Glenmorangie's stock market capitalisation, the first source told the agency.


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