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BW Businessworld

Heineken Takes 3.2% Stake In UB

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Heineken NV's UK unit has acquired a 3.21 per cent stake in India's United Breweries Ltd, the Indian alcohol company said, sending its shares up by more than 6 per cent.

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.