Tag Archives: United Breweries

India antitrust body fines United Breweries, Carlsberg in price fixing case

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India’s antitrust watchdog on Friday imposed a penalty of $102 million on Heineken-controlled beer giant United Breweries (UBBW.NS) and $16 million on the local unit of Denmark’s Carlsberg (CARLb.CO) in a case related to cartelisation of beer prices in the country. The order comes after a long-drawn investigation that in 2018 saw Competition Commission of India (CCI) raiding the offices of the brewers. The

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Heineken seeks to change company rules to oust Mallya, name chairman in UBL

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Heineken International that increased its shareholding in United Breweries from 46.5 per cent to 61.5 per cent recently is seeking approval of shareholders to change the company’s Articles of Association (AoA) that will enable it to nominate a chairman. Fugitive liquor baron Vijay Mallya is the chairman for life and has sole authority to nominate a successor. Heineken had, a

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Heineken poised to take control of United Breweries

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Heineken, the world’s third largest brewer, is poised to take full control of United Breweries, India’s biggest beer company, according to news sources in India. That prospect has been thrown up by news that a consortium of Indian banks has begun the process of repossessing the 16.5% stake in UB seized by the courts and financial authorities from fugitive former

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