Monday, 07 December 2009 13:42

Heineken reshuffles Asian holdings

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Heineken NV, Europe's largest brewer, said Monday it would book a euro145 million ($216 million) gain after moves to combine multiple operations in India and in the South Asian Pacific.

Singapore-based Asian Pacific Breweries, in which Heineken owns a controlling 42.5 percent stake, will sell its Indian operations to India's largest brewer, United Breweries Limited -- the maker of Kingfisher which Heineken jointly controls with Indian tycoon Vijay Mallya.

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