The Dutch brewing major said there will be no changes to the management structure of United Breweries Limited, even after having emerged as the single largest shareholder in the company
The world’s second largest brewer by revenue Heineken N.V. said its “pleased” with its partnership with beleaguered business tycoon Vijay Mallya.
Fifty-nine-year old Mallya is the chairman of United Breweries Ltd (UBL), India’s biggest beer manufacturer and the maker of Kingfisher beer, in which Heineken has emerged as the single largest shareholder.
Heineken’s contentment is a shot in the arm for Mallya, who has been facing the heat ever since his airline— Kingfisher Airlines— went bust in 2012-13.