Announced
Completed
Financials
Sources
Tags
alcoholic beverages
Brewers
Friendly
Cross Border
Completed
Majority
Acquisition
India
Private
Single Bidder
Synopsis
Heineken, an international producer of beers, spirits, wines, and soft drinks, completed the acquisition of a 15% stake in United Breweries, a manufacturer of alcoholic beverages, for $781m. A narrowing of the gap between tax on beer and on spirits would give significant potential for the market to grow from current annual beer consumption of 1.6 litres per capita towards the global average of 24.4 litres.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.