US private equity group Starwood Capital has said it would sell French sparkling wine maker Bouvet-Ladubay to India's UB Group, reports Reuters from Paris.

Indian newspapers reported last month that UB, which controls India's top beer company United Breweries and is the world's third largest spirits maker, was in talks to acquire Bouvet-Ladubay for around US$15 million.

UB narrowly missed out on acquiring Bouvey-Ladubay's former parent, the Taittinger champagne house, from Starwood in an auction in May.

Starwood sold Taittinger along with its associated wine brands to a bank-led consortium, including members of the Taittinger family, but said at the time that it reserved the right to sell off Bouvey-Ladubay separately.

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