"The competition position with Asia Pacific Breweries does need resolution and this will also be on the agenda for discussion (with Heineken)," UB Group Chief Financial Officer Nedungadi told PTI.
When asked if there is any possibility that UB may work out a deal under which both companies can do business in India, Nedungadi said, "It is important for both sides to agree on the best way to address the Indian market effectively with all the brands owned and controlled by both corporations."
Heineken officials confirmed that the two groups were in talks to sort out the issue.
"Presently, we are talking to both, our joint venture in India (APB) and also to UB Group to find a satisfactory solutions for future operations in India," a Heineken NV spokesperson said but declined to give further details.
UB has been objecting to Singapore-based APB
