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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
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