United Spirits subsidiary signs agreement to sell entire interest in Bouvet Ladubay
United Spirits’ [BOM:532432] wholly-owned subsidiary Asian Opportunities & Investments has signed an agreement to sell its entire interest in the France-based winemaker Bouvet Ladubay, and its wholly-owned subsidiary Chapin Landais.
This information is contained in the notes to United Spirits’ results fact sheet for the quarter ended 30 September 2015, conveyed to the BSE on 02 November 2015.
The Bouvet Ladubay sale is expected to complete in early November after certain conditions are satisfied, United Spirits stated.
As reported earlier, McDowell, a subsidiary of United Spirits, had acquired Bouvet Ladubay in July 2006 for EUR 14.75m.