Heineken acquires 3.2% stake in Vijay Mallya controlled United Breweries
17.05.13 - Vijay Mallya-led United Breweries today said Heineken UK Ltd has acquired 3.21 per cent stake in the company. The acquisition is pursuant to amalgamation of Scottish & Newcastle India with United Breweries, whereby SNIPL would cease to exist. [more]
ADM takeover of GrainCorp closer
14.05.13 - US grain business Archer Daniels Midland expects to make a formal offer to GrainCorp shareholders to take over the bulk handler next week. ADM grain president Ian Pinner arrived in Australia this week to talk with farm organisations and government bodies about the $3.4 billion takeover of GrainCorp before the formal offer was made. [more]
Heineken To Sign Joint Venture Agreement in Myanmar
13.05.13 - Heineken announced on Monday that it will tap Myanmar’s beer market through a joint venture with privately-owned Alliance Brewery Company (ABC), as its license has been approved by the Myanmar Investment Commission (MIC) to operate domestically. The joint venture between Heineken and ABC will be called APB Alliance Brewery Company. Heineken will own 57 percent of APB. [more]
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