The Competition Commission of India has cleared United Breweries’ proposed acquisition of Scottish & Newcastle India (SNIPL). SNIPL holds 3.22 percent shares in United Breweries; following the transaction, SNIPL will cease to exist. The purpose of the merger is to consolidate Heineken Group’s shareholding in United Breweries, and to then consolidate Heineken’s presence in India. Heineken Group holds 37.38 percent in United Breweries.
Full content: Business Standard
Related content: The New Indian Merger Control: Key Procedural Issues (Simon Baxter & Nikolaos Peristerakis, Skadden)
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