News

INDIA: APB coy on fresh acquisition talks

Most popular

just-drinks speaks to Beam Suntory CEO - Part II

just-drinks meets Beam Suntory CEO Albert Baladi

Lift our heads out of our drinks - Trends

What does the future hold for Champagne? - Focus

Why the wine consumer is getting angry - Comment

MORE

Asia Pacific Breweries, the Singapore-based brewer and Asian partner of Heineken, has refused to be drawn on reports that it is in talks to take control of another brewer in India.

APB, which in May signalled its entry into India with the acquisition of a 76% stake in Aurangabad Breweries, has started talks with Lilasons Breweries, according to Indian daily The Economic Times.

The paper said today (25 October) that APB is also looking to buy a 76% stake in Lilasons, which has two breweries in Madhya Pradesh and Maharashtra.

However, a spokesperson for APB in Singapore was coy on the reported negotiations. "We do not respond to market speculation and we have no comment on the matter," she told just-drinks.

In June, APB announced plans to set up a greenfield brewery outside Hyderabad with local soft drinks firm the Jaipuria Group. The Tiger Beer brewer's chief executive, Koh Poh Tiong, said at the time that it was "critical" that APB established a presence in India's key beer markets.

India has become a magnet for investment from the world's brewing giants in recent years. The market, which is dominated by United Breweries and SABMiller, is growing at around 7% a year thanks to increased consumption from a burgeoning middle class.


Related Content

Pernod Ricard reaps reward of China, India return - Analysis

Pernod Ricard reaps reward of China, India return - Analysis...

Anheuser-Busch InBev lifts lid on alleged price-fixing cartel in India - report

Anheuser-Busch InBev lifts lid on alleged price-fixing cartel in India - report...

Asia

Asia "firing on all cylinders" for Carlsberg – Analysis...

Hindustan Coca-Cola Beverages plans India restructure programme

Hindustan Coca-Cola Beverages plans India restructure programme...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?