Pernod Ricard is in the final stages of negotiating the sale of its Anglo-Irish wholesale subsidiary BWG to an investment bank. After 15 months of uncertainty, it has confirmed it is in exclusive negotiations with Electra Partners. A source close to the deal said Electra was to take on BWG as one entity and let its current management teams continue business as normal. BWG joint md Richard Burrows said: "We are coming towards a conclusion of negotiations. Market speculation puts the price at £236m, but I cannot comment. We want to protect Pernod Ricard shareholders' interests by getting the best price for BWG, and have concerns for the future of management and employees. "Electra would have to comment on its plans for the future of BWG." Pernod-Ricard put BWG up for sale to finance buying Seagram's drinks arm. BWG businesses include the Spar franchise in the Irish Republic, West Country Spar wholesaler Appleby Westward, three of the big six Key Lekkerland wholesalers and the J&J Haslett Mace franchise in Northern Ireland. Electra was unavailable for comment. {{NEWS }}