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April 2, 2003

INDIA: UB to raise stake in ABD (reports)

According to reports in India, United Breweries (UB) has decided to increase its stake in the Mumbai-based beer and drinks group, Associated Breweries & Distilleries (ABD) to 100%. The report on India's Business Line quoted sources with UB.

According to reports in India, United Breweries (UB) has decided to increase its stake in the Mumbai-based beer and drinks group, Associated Breweries & Distilleries (ABD) to 100%. The report on India’s Business Line quoted sources with UB.

UB acquired the 65% it already owns in ABD in November 2000. It is expected to pay R150m for the additional 35% stake.

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