Heineken Buys 3.2% of United Breweries for $138 Million

Heineken NV increased its stake in India’s biggest beermaker to 42.1 percent, spending 8.72 billion rupees ($138 million) for additional shares in United Breweries Ltd.

The acquisition of a 3.2 percent holding from a unit of Diageo Plc reflects the Dutch brewer’s confidence in the long-term potential of India’s beer market, said a spokesman for Amsterdam-based Heineken, who declined to comment on whether the stake will be increased further.