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Last Updated: Monday, 31 December 2007, 13:58 GMT
Distillery eyed for reinvention
Whisky
The whisky investment could create several jobs
One of Scotland's leading whisky companies is in talks to sell a mothballed Banffshire distillery to an Eastern European consortium.

The Edrington Group has been negotiating the sale of the Glenglassaugh distillery at Portsoy.

Edrington, which produces brands such as Famous Grouse, is close to reaching a deal worth up to 3m.

The distillery closed 20 years ago and needs about 2m spent to resume production. Ten jobs could be created.

One of the partners in the consortium bidding to take over the plant is understood to be Latvian.

SEE ALSO
Scotch whisky to get 'protection'
29 Dec 07 |  Scotland
Plans for Moray distillery backed
08 Oct 07 |  North East/N Isles
Illicit whisky trail walks opened
29 Aug 07 |  North East/N Isles

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