Heineken buys 3.2% stake in United Breweries

Heineken’s UK unit has acquired a 3.21 percent stake in India’s United Breweries, the Indian alcohol company said on Wednesday, sending its shares up by more than 6 percent.

Mumbai: Heineken’s UK unit has acquired a 3.21 percent stake in India’s United Breweries, the Indian alcohol company said on Wednesday, sending its shares up by more than 6 percent.

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United Breweries, controlled by liquor baron Vijay Mallya, said in a stock exchange filing that Heineken UK Ltd had been allotted the stake formerly held by Scottish & Newcastle India Private Ltd, controlled by Heineken.

Reuters

Written by FP Archives

Heineken buys 3.2% stake in United Breweries

Heineken’s UK unit has acquired a 3.21 percent stake in India’s United Breweries, the Indian alcohol company said on Wednesday, sending its shares up by more than 6 percent.

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