Hillhouse Capital invests about USD40m in United Breweries

Hillhouse Capital’s hedge fund has acquired more than 1% of United Breweries’ shares through open market transactions for approximately 40 million US dollars (approximately 3.07 billion rupees).

Hillhouse Capital’s hedge fund has acquired more than 1% of United Breweries’ shares through open market transactions for approximately 40 million US dollars (approximately 3.07 billion rupees).

United Breweries is controlled by Dutch beer giant Heineken, whose share price has plunged by a third since the beginning of March. Heineken is the largest single shareholder of United Breweries, with a shareholding ratio of approximately 46.5%.

The transaction was disclosed after the Indian government revised its foreign direct investment policy (FDI).

United Brewerieswas founded in 1915 and is headquartered in Bangalore. It is engaged in beer production and trading, and provides brand licenses. The brands it sells include: Kingfisher, Zingaro, UB Export, London Pilsner Premium Strong, Kalyani Black Label Strong and Bullet.

The company is currently listed on the National Stock Exchange of India.

Since the beginning of this year, United Breweries’ stock price has plummeted by as much as 44%, and then rebounded slightly. The stock closed at Rs 925.00 per share on Tuesday (April 21), down nearly a third from its 2020 high.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/04/26/hillhouse-capital-invests-about-usd40m-in-united-breweries/.

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