Should India be able to decouple itself from US Subprime Impact?

Wednesday, September 5, 2007

Stake sale: UB may let Carlsberg guzzle S&N

BANGALORE: British beer giant Scottish & Newcastle (S&N)’s stake in United Breweries (UB) is back in the spotlight, with the Indian brewer confirming that the right of first refusal (RoFR) on the foreign partner’s shareholding will be pressed only to block the entry of certain competition, primarily SABMiller. S&N and Vijay Mallya equally own UB with 37.5% stake each.

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