Trinidad-based CL Financial, which owns the Angostura Bitters brand and a number of rum brands, already owns 28% of Burn Stewart and is understood to be paying between 65 pence and 75 pence for the company.
UK: CL takeover of Burn Stewart imminent
The protracted takeover of Scotch whisky distiller, Burn Stewart, by the Caribbean group, CL Financial, is expected to be completed today after months of negotiations, according to reports.