CCI approves acquisition of additional equity shareholding by Heineken International B.V. of United Breweries Limited
Heineken Group is an international group of companies engaged in the production, manufacture, packaging, distribution, marketing, and sale of beer, non-alcoholic beer, cider, and cider-based beverages and a range of other beverages
The Competition Commission of India (CCI) approves the acquisition of additional equity shareholding by Heineken International B.V. (“HIBV”) of United Breweries Limited (“UBL”)under Section 31(1) of the Competition Act, 2002, yesterday.
The proposed transaction relates to HIBV’s potential acquisition of additional equity stake up to a maximum of approximately 16.40 percent shareholding in UBL.
HIBV is an investment holding company and is itself not engaged in any business activity. It is a direct/ indirect shareholder for all non-Dutch companies that form part of the Heineken Group. Heineken Group is an international group of companies engaged in the production, manufacture, packaging, distribution, marketing, and sale of beer, non-alcoholic beer, cider, and cider-based beverages, and a range of other beverages.
UBL is a public limited company incorporated under the Companies Act, 1956, and is principally engaged in the manufacture, sale, and distribution of beer in India. UBL’s shares are listed on the BSE Limited and the National Stock Exchange of India Limited.
