Heineken edges towards United Breweries majority
Heineken now owns 42.22% of United Breweries
Late last week, Heineken purchased 425,000 shares on the open market, costing in the region of INR394.8m (US$5.9m). With this purchase, the company's holding now stands at 42.22% from the 42.07% it held previously.
In July, Heineken bought out United Spirits' stake in UB for $137.2m. Two months later, the company secured EUR500m ($559.5m) from the placement of a set of notes, only a week after local reports linked it to a move for majority control of United Breweries.
In its annual report, released in September, United Breweries said its market share in the 12 months to the end of March this year hit 52.5%, from 51.3% in the corresponding period a year earlier.
Canadean's "Heineken N.V. : Consumer Packaged Goods - Company Profile, SWOT & Financial Analysis" contains in depth information and data about the company and its operations....
Canadean's "Heineken UK Limited: Consumer Packaged Goods - Company Profile & SWOT Analysis" contains in depth information and data about the company and its operations...
Heineken Group is a global alcoholic drinks player present in more than 70 countries around the world....
Heineken Slovensko, part of the Heineken NV group, was one of the largest producers of beer and cider in Slovakia in 2015....
- Cannabis – A clear and present danger to alcohol
- Is Irish whiskey ready to recognise its potential?
- Interview - Bernstein analyst Trevor Stirling
- The European beer market - Focus
- Trump, local spirits and the IR role - The Analyst
- Diageo appoints first programmatic marketing head
- Corporate Relations Director to leave Diageo
- Bacardi names new global communications head
- Diageo strike threat postponed with fresh vote
- Pernod Ricard pairs Usain Bolt with Mumm Champagne