Supreme Court: Non-Signatory That is Not a Veritable Party Cannot Invoke an Arbitration Clause  ||  SC: Bail Can't be Cancelled For Police Non-Appearance Once Chargesheet is Filed and Trial is Attended  ||  SC: New Arbitration Bill Fails To Provide a Statutory Appeal Against Tribunal Termination Orders  ||  SC: Employees Who Resign or Retire After Five Years of Service Are Entitled to Receive Gratuity  ||  SC: Employees Who Resign or Retire After Five Years of Service Are Entitled to Receive Gratuity  ||  Supreme Court: Higher Courts Should Avoid Unnecessary Remand of Cases to Lower Courts  ||  J&K&L HC: Under SARFAESI Act, Borrower's Right To Redeem a Secured Asset Ends With Auction Notice  ||  Calcutta HC: Income Tax Returns Can Be Used to Assess Victim's Income; ?39 Lakh Compensation Granted  ||  Delhi HC: Woman's Right to a Shared Household Does Not Allow Indefinite Occupation of In-Laws' Home  ||  Delhi HC: Director Disputes in a Company Do Not Qualify as Genuine Hardship to Delay ITR Filing    

CCI approves acquisition of additional equity shareholding by Heineken International B.V. of United Breweries Limited- (Press Information Bureau) (22 Jun 2021)

MANU/PIBU/2380/2021

MRTP/ Competition Laws

The Competition Commission of India (CCI) approves acquisition of additional equity shareholding by Heineken International B.V. ("HIBV") of United Breweries Limited ("UBL") under Section 31(1) of the Competition Act, 2002, yesterday.

The proposed transaction relates to HIBV's potential acquisition of additional equity stake up to a maximum of approximately 16.40 percent shareholding in UBL.

HIBV is an investment holding company and is itself not engaged in any business activity. It is a direct/ indirect shareholder for all non-Dutch companies that form part of the Heineken Group. Heineken Group is an international group of companies engaged in the production, manufacture, packaging, distribution, marketing and sale of beer, non-alcoholic beer, cider and cider-based beverages, and a range of other beverages.

UBL is a public limited company incorporated under the Companies Act, 1956 and is principally engaged in the manufacture, sale and distribution of beer in India. UBL's shares are listed on the BSE Limited and the National Stock Exchange of India Limited.

Tags : ACQUISITION   ADDITIONAL EQUITY   APPROVAL  

Share :        
The proposed transaction relates to HIBV's potential... For read more news from newsroom.manupatra.com"data-action="share/whatsapp/share" class="ic_wtsp-grid">

Disclaimer | Copyright 2025 - All Rights Reserved