E-Malt.com News article: 845

The Indian brewer, United Breweries Ltd. (UB) intends to purchase 35% stake in Associated Breweries & Distilleries (ABD), the Mumbai-based beer and drinks group, India’s media revealed. After the acquisition United Breweries will own 100% shares of ABD. UB has been owning the 65% in ABD since November 2000. UB might pay R150m for the additional 35% stake.

03 April, 2003