MoneyWorks4Me

Heineken to raise stake in United Breweries: Report

25 Aug 2015 Evaluate

Heineken NV, the world's third-largest brewer is reportedly seeking to raise its stake in United Breweries. The Dutch brewer, the single largest shareholder in United Breweries with a 42.07%, plans to take that holding beyond 50% by buying shares from liquor baron Vijay Mallya and his group firms.

United Breweries is maker of Kingfisher beer and Heineken beer in India. Its flagship brand 'Kingfisher' is currently available in 52 countries and leads the way amongst Indian beers in the International market.

Peers
Company Name CMP
United Spirits 1422.15
United Breweries 1253.30
Radico Khaitan 4555.00
India Glycols 310.10
Allied Blenders&Dist 715.20
View more..