The Hindu Business Line : Mallya to hold talks with global brewers

THE board of United Breweries Ltd today empowered its Chairman, Mr Vijay Mallya, to carry out negotiations with leading global brewers following several unsolicited expressions of interest received from them.

The board, which met today, took the decision, taking note of the fact "that a time has come where we can no longer ignore the representations made by the leading global brewers and their interest in UB".

Earlier reports suggested that global brewers such as Interbrew, Budweiser, and SABMiller have expressed interest in picking up a strategic stake in the country's leading brewer.

More Stories on : Breweries | Mergers & Acquisitions

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Infosys, Reliance, Tata, Wipro among world's most respected cos

Inflation up on costlier petro products

Bountiful reverse monsoon makes up for past deficit

Maran's 10-point action plan for BSNL, MTNL to face competition

More withdrawals from WHO list; US scrutiny — Indian pharma companies face testing times

Pharma stocks move southward

Reliance drags indices down

Textile industry gets a fillip through TUFS

Mallya to hold talks with global brewers

Madura Garments set to bring Armani to India

Notification issued on rubber exports subsidy — Sops for all grades cut by half for current fiscal