UB’S ACQUISITION MAY BE DONE

Reports are buzzing that Vijay Mallya of India’s UB Group has acquired Bouvet-Ladubay, the wine subsidiary of French champagne company Taittinger for $15 million. The deal will allow UB’s spirits subsidiary, United Spirits Ltd, to get into premium wines, sources said.

UB plans to import Bouvet-Ladubay's range of wines with the acquisition, and use its technology to develop their wineries.