INDIA: Heineken silent over United Breweries deal rumours

By | 21 October 2013

Heineken is staying silent on the deal rumours

Heineken is staying silent on the deal rumours

Heineken has declined to comment on fresh reports that it is in talks to raise its stake in India's United Breweries.

Sources suggest a deal in which India-based UB Group will divest around 10% to 12% in its brewing unit to the Dutch firm have reached the due diligence stage, CNBC-TV18 reported today (21 October). Heineken currently has a 37.5% stake in United Breweries.

However, the report suggests UB Group is not willing to change the management at the brewing unit and would not allow Heineken additional seats on the board.

When contacted by just-drinks today, a Heineken spokesperson said: “We do not comment on rumours and speculation in the market.”

The latest speculation over a deal emerged in August this year. Similar reports surfaced in March last year.

Expert analysis

Heineken N.V. : Consumer Packaged Goods - Company Profile, SWOT & Financial Report

Canadean's "Heineken N.V. : Consumer Packaged Goods - Company Profile, SWOT & Financial Report" contains in depth information and data about the company and its operations. The profile contains a company overview, key facts,major products and services, swot analysis, business description, company history, financial analysis, mergers & acquisitions, key employees, company locations and subsidiaries, employee biographies as well as competitive benchmarking data.

Sectors: Beer & cider, Emerging markets – BRIC, Mergers & acquisitions

Companies: Heineken, United Breweries, UB Group

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