An Indian billionaire has bought the Scottish whisky distiller Whyte & Mackay in a £595m ($1.2bn) deal.
The spirits giant United Breweries, which is headed by Vijay Mallya, announced the all-cash acquisition to the Bombay Stock Exchange.
In a statement, the firms said the deal would help expand the market for Whyte & Mackay’s brands in emerging economies such as India.
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