United Breweries at 14-month high on TV report Heineken may hike stake

United Breweries surges 9 pct to a 14-month high...

Written by Reuters

January 7, 2015 16:50 IST

United Breweries surges 9 pct to a 14-month high.

News channel CNBC TV 18 says Heineken likely to hike stake in the company, citing sources.

Heineken currently owns 39.01 pct in the company – BSE data.

Vijay Mallya group companies own 35.81 pct in United Breweries, and about half of this stake is pledged, according to Reuters calculations.

Heineken and United Breweries were not immediately reachable for commen.

This article was first uploaded on January seven, twenty fifteen, at fifty minutes past four in the afternoon.