SABMiller’s Mysore Breweries has joined forces with India’s second-largest brewer Shaw Wallace to create a “powerful new force” in Indian brewing.
Under the deal Mysore will hold a 50% stake in a company called Shaw Wallace Breweries, which will hold the combined brewing interests and licences of the two businesses.
SABMiller paid $132.8m for the investment in Shaw Wallace Breweries.
The Indian beer market is growing at 11% per year according to SABMiller.
Under the deal Mysore will hold a 50% stake in a company called Shaw Wallace Breweries, which will hold the combined brewing interests and licences of the two businesses.
SABMiller paid $132.8m for the investment in Shaw Wallace Breweries.
The Indian beer market is growing at 11% per year according to SABMiller.
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