RSS FeedMallya Readying A 500-Million Euro Warchest For European Buys
Fri, 06/30/2006 - 17:33 — Sahad P VBusiness Standard has flashed this story as the lead today. Vijay Mallya is readying a warchest of Euro 500 million to acquire a wine company in Europe. It has apparently shortlisted three companies in the UK and France. PricewaterhouseCoopers is doing the due diligence.
The company has tied up with a consortium of banks led by Standard Chartered Bank to fund the buy. It's also planning a $150-250 million FCCB issue.
A few weeks back, UB Group had pulled out of the race for Taittinger, the world
