Mumbai: Aiming to become the world's number one liquor player, Vijay Mallya's United Breweries is believed to have made a bid for a part of Australian giant Foster's beer units in India and Vietnam.
According to sources, Mallya has bid for Foster's beer units in India and Vietnam, which is estimated to be valued at $234 million (Rs 1,053 crore).
"Mallya has made a bid for the beer units of Foster's in India and Vietnam," sources in the know of the development said.
Mallya's bid for Foster's units in India and Vietnam is expected to counter competition from Scottish and Newcastle and another unidentified Chinese beer major.
When contacted, company officials declined to comment. Sources, however, maintained that despite UB's top position in the beer market in India, the company was interested in the deal, as it would give it an added advantage.
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