NETHERLANDS: Heineken presses for Indian resolution “asap”
Heineken has said that it hopes to resolve the ongoing issues with its Indian assets "as soon as possible".
The Holland-based brewer was responding to reports from India over the weekend that claimed it has completed a first round of discussions with United Breweries over Scottish & Newcastle's stake in the Indian company.
Heineken took over S&N's 37.5% stake in United Breweries today (28 April) when it completed its joint takeover of S&N with Carlsberg. The move triggered alarm bells in India, where Heineken's Asia Pacific Breweries joint-venture also operates. Last month, a senior UB official was cited in the Indian press as saying: "We have already indicated to Heineken that they cannot be part of competing structures in India."
"We are in discussions regarding our future involvement in India with all of our Indian stakeholders," a spokesperson for Heineken told just-drinks today. ""It is too early to give any further details, but our aim is to come up with a satisfactory structure for our Indian assets."
When asked if there was a timescale for any decision, the spokesperson said: "No, but as soon as possible."
A report in the Sunday Times in the UK cited sources in India as claiming that Heineken is considering the sale of one of its two Indian operations, a claim the spokesperson declined to comment further on.
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