CCI gives approval to Heineken extra stake buy in United Breweries

The Competition Commission of India (CCI) on Tuesday said that the proposed additional stake buy in United Breweries (UB) by Dutch major Heineken does not raise any competition concerns, effectively clearing the deal.
 
In its order, the CCI said, “It is submitted that the proposed transaction does not give rise to competition concerns regardless of delineation of the relevant market for the purpose of this filing.”
 
UB is the country's largest beer company, while Heineken is the world’s second-largest brewer after Anheuser-Busch (AB) InBev.
 
The proposed transaction sought to increase Heineken’s stake in UB to 50 per