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Heineken now has controlling stake in Kingfisher-maker United Breweries
TIWN
TIWN
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New Delhi, June 24 (TIWN) Heineken International B.V. now has controlling stake in United Breweries Ltd (UBL) after it picked up nearly 15 per cent additional stake in the company.
The shares were sold by the Debt Recovery Tribunal on Wednesday, on behalf of an SBI-led consortium for around Rs 5,800 crore.
"Heineken N.V. today announces that it has acquired an additional 39,644,946 ordinary shares in United Breweries Ltd (UBL) taking its shareholding in UBL from 46.5 per cent to 61.5 per cent," Heineken said in a statement.
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