Heineken NV’s UK unit has acquired a 3.21 percent stake in India’s United Breweries Ltd the Indian alcohol company said on Wednesday, sending its shares up by more than 6 percent.
United Breweries, controlled by liquor baron Vijay Mallya, said in a stock exchange filing that Heineken UK Ltd had been allotted the stake formerly held by Scottish & Newcastle India Private Ltd, controlled by Heineken.
Source: Reuters