ONCE AGAIN, UB VYING FOR TAITTINGER
After dropping out of the race for Taittinger Group’s champagne assets, UB Group is now lobbying for a “small portion” of Taittinger’s wine firm for $15 million.
"We are looking to acquire this company over the next few weeks," Vijay Mallya told reporters at The India Innovation Summit 2006. "The reason (for the acquisition) is, it gets United Spirits into high quality wines which we will import and sell in Indian market."
If UB succeeds in acquiring Taittinger’s wine assets in France, it will give the Indian company access to advanced wine technology, which the company will use to develop its own vineyards and wineries in India.
Vijay told listeners that UB “gracefully bowed out” of the Taittinger champagne bidding last month due to “a sentiment that champagne assets should remain in French hands.”
"We are looking to acquire this company over the next few weeks," Vijay Mallya told reporters at The India Innovation Summit 2006. "The reason (for the acquisition) is, it gets United Spirits into high quality wines which we will import and sell in Indian market."
If UB succeeds in acquiring Taittinger’s wine assets in France, it will give the Indian company access to advanced wine technology, which the company will use to develop its own vineyards and wineries in India.
Vijay told listeners that UB “gracefully bowed out” of the Taittinger champagne bidding last month due to “a sentiment that champagne assets should remain in French hands.”
posted at 2:10 PM
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