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UB Group
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UB Group Seeks Buyer for United Spirits Stake Worth $331m
Nov 11, 2015India-based United Breweries Group is seeking a buyer for its residual 4% stake in United Spirits worth Rs 22bn ($331m) to repay its loans. The development may also see its chairman Vijay Mallya quit his position in United Spirits by ...
Tags: UB Group, United Spirits
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Heineken Plans to Acquire Controlling Stake in United Breweries
Aug 27, 2015Dutch brewing company Heineken is planning to fully acquire United Breweries (UB), an India-based conglomerate with a major focus on the brewery (beer) and alcoholic beverages industry, for undisclosed amount. The Dutch brewer currently ...
Tags: Heineken, alcoholic beverages, beer
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Diageo Agreed to Buy 27.4% Controlling Stake in Usl in Three-Step Transaction
May 28, 2013Drink giant Diageo has moved closer to gain control over India-based United Spirits Limited (USL) after having purchased 10% of the proposed 53.4% stake in USL for £300m through its wholly-owned subsidiary Relay BV. Following the ...
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UK-Based Diageo Will Purchase 50% Stake in a Joint Venture (JV)
Jan 30, 2013UK-based Diageo will purchase 50% stake in a joint venture (JV), which owns United National Breweries' (UNB) traditional sorghum beer business in South Africa, for $36m. The remaining 50% will be owned by a company affiliated to Vijay ...
Tags: Diageo, joint venture, UNB, South Africa
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Nick Bunker Is to Become CEO of United Biscuits Recently-Separated Snacks Unit
Dec 11, 2012Nick Bunker, the head of Kraft Foods' businesses in the UK and Ireland, is to become CEO of United Biscuits recently-separated snacks unit. United Biscuits said today (6 August) Bunker would become chief executive of KP Snacks on 1 ...
Tags: Nick Bunker, snacks unit, Kraft Foods, United Biscuits