Dutch brewing giant Heineken likely to raise stake in United Breweries

Banks have got court nod to liquidate assets

Dutch brewing giant Heineken is likely to increase its stake in the United Breweries (UBL) in its bid to attain controlling stake of 51 per cent or more from the current level of around 46 per cent in the beer company.
 
Sources  said after the special Prevention of Money Laundering Act (PMLA) court in Mumbai on Wednesday allowed consortium of 15 banks led by State Bank of India (SBI) to utilise moveable assets of former liquor baron Vijay Mallya, Heineken is looking at approaching these banks to buy out the pledged shares that the creditors are planning to liquidate