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INDIA: Heineken silent over United Breweries deal rumours

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

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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.


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