Heineken is closing on an end to its dispute with partner United Breweries in India.

Heineken CEO Jean-François Van Boxmeer said in the brewer's half-year results conference today (26 August): "We are optimistic to reach agreement with all relevant parties in the near future."

Heineken claims a 37.5% stake in United Breweries (UB), India's largest brewer, following its takeover with Carlsberg of Scottish & Newcastle (S&N) last year.

However, Heineken holds no management positions in UB and the Indian brewer, which is also 37.5%-owned by billionaire Vijay Mallya, previously filed legal action to prevent S&N's stake transferring automatically to Heineken.

Netherlands-based Heineken has previously confirmed that it was in talks with UB to resolve the issue.

United Breweries, which owns the Kingfisher beer brand, recently reported a 57% rise in profits and a 17% increase in sales for its fiscal first quarter