Heineken International BV has increased its stake in United Breweries. The world’s third largest brewer has acquired an additional 1.3% holding in the Vijay Mallya-led company for $45.8 million or Rs 280 crore.
As on September 30, 2013, Heineken International has a 0.16% stake in United Breweries, while Heineken UK owns a 3.21% stake in the company. Heineken UK obtained the holding due to the terms of an earlier transaction in May this year, wherein United Breweries merged with Scottish & Newcastle India.
United Breweries and Heineken entered into an agreement in 2008 for the latter to be able to sell its beers in India through the former a year ago. Heineken is known for its over 170 international premium, regional, local and specialty beers.
United Breweries is maker of Kingfisher beer and Heineken beer in India. Kingfisher is largest selling beer in India that commands 29% of market share. The company has presence in 52 countries.
As on September 30, 2013, Heineken International has a 0.16% stake in United Breweries, while Heineken UK owns a 3.21% stake in the company. Heineken UK obtained the holding due to the terms of an earlier transaction in May this year, wherein United Breweries merged with Scottish & Newcastle India.
United Breweries and Heineken entered into an agreement in 2008 for the latter to be able to sell its beers in India through the former a year ago. Heineken is known for its over 170 international premium, regional, local and specialty beers.
United Breweries is maker of Kingfisher beer and Heineken beer in India. Kingfisher is largest selling beer in India that commands 29% of market share. The company has presence in 52 countries.
No comments:
Post a Comment