Indian tycoon Vijay Mallya of United Spirits is reported to be close to selling a controlling stake to drinks group Diageo.
Mallya, owner of Whyte & Mackay, is likely to stay on as chairman
with some of his top team remaining on the board of United.
However, the roles of chief executive and chief financial officer are expected to be taken over by executives at Diageo.
Diageo admitted last month it was in discussions to acquire an interest in United.
