India’s United Breweries becomes part of the HEINEKEN group
July 30 2021 - 2:30AM
India’s United Breweries becomes part of the HEINEKEN group
- HEINEKEN obtains controlling interest
following UBL’s annual general meeting
- UBL becomes a top HEINEKEN operating
company, Kingfisher a top 5 global brand
Amsterdam, 30 July 2021 – Heineken N.V. (HEINEKEN) announces
that, following United Breweries Limited’s (UBL) annual general
meeting on 29 July 2021, it has obtained control of UBL in India.
This follows HEINEKEN’s recent acquisition of additional ordinary
shares in UBL on 23 June 2021, taking its shareholding in UBL from
46.5% to 61.5%.
Dolf van den Brink, Chairman of the Executive Board / CEO,
commented: “UBL has a proud history dating back more than a century
as an influential shaper of the beer industry in India. It built
its position as the undisputed market leader in India with a strong
network of breweries across the country and a fantastic portfolio
led by its iconic Kingfisher brand family, complemented more
recently by a strong HEINEKEN international brand portfolio. We are
honoured to build on this legacy and look forward to working with
our colleagues at UBL to continue to win in the market, delight
consumers and customers and unlock future growth.”
India offers an exciting long-term growth opportunity as per
capita beer consumption is low at 2 litres per annum. Its growing
population of nearly 1.4 billion people includes a strong emerging
middle class, enabling further premiumisation. UBL will be a top
HEINEKEN operating company and Kingfisher a top 5 global brand.
HEINEKEN expects the consolidation of UBL will have a small
accretive effect on EPS (beia) and a dilutive effect on operating
profit margin (beia).
-END-
Press
enquiries Sarah
Backhouse / Michael FuchsE-mail:
pressoffice@heineken.com Tel:
+31-20-5239-355 Investor
and analyst enquiriesFederico Castillo Martinez / Janine
Ackermann / Robin AchtenE-mail: investors@heineken.comTel:
+31-20-5239-590About HEINEKEN:
HEINEKEN is the world's most international brewer. It is the
leading developer and marketer of premium beer and cider brands.
Led by the Heineken® brand, the Group has a portfolio of more than
300 international, regional, local and specialty beers and ciders.
HEINEKEN is committed to innovation, long-term brand investment,
disciplined sales execution and focused cost management. Through
"Brewing a Better World", sustainability is embedded in the
business. HEINEKEN has a well-balanced geographic footprint with
leadership positions in both developed and developing markets. It
employs more than 80,000 employees and operates breweries,
malteries, cider plants and other production facilities in more
than 70 countries. Heineken N.V. and Heineken Holding N.V. shares
trade on the Euronext in Amsterdam. Prices for the ordinary shares
may be accessed on Bloomberg under the symbols HEIA NA and HEIO NA
and on Reuters under HEIN.AS and HEIO.AS. HEINEKEN has two
sponsored level 1 American Depositary Receipt (ADR) programmes:
Heineken N.V. (OTCQX: HEINY) and Heineken Holding N.V. (OTCQX:
HKHHY). Most recent information is available on HEINEKEN’s website,
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- Press release UBL becomes part of HEINEKEN Group
(30_07_2021)
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