Tuesday, September 12, 2006

UB Group Looking for South African Winery?

UBGroupLOGO-w.jpgA unit of India’s UB Group is poised to buy a South African wine company, according to local reports.

Indian paper Business Standard said today that United Spirits is in advanced talks with a wine company, but was unable to name which one. The move follows UB’s purchase of French wine producer Bouvet-Ladubay from Taittinger for what was thought to be US$20m last month.

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