The company has signed a sale and franchise agreement for select popular brands with Inbrew, a joint statement said. Get more Companies News and Business News on Zee Business.
Synopsis US brewer Molson Coors has agreed to sell its Indian unit to Singapore-headquartered Inbrew Holdings. While the companies did not disclose the deal size, industry insiders estimated it at about ₹1,000 crore.
Agencies
The acquisition will include three manufacturing facilities with total installed capacity of 16 million unit cases.
US brewer Molson Coors has agreed to sell its Indian unit to Singapore-headquartered Inbrew Holdings. While the companies did not disclose the deal size, industry insiders estimated it at about ₹1,000 crore.
As part of the deal, Inbrew will acquire Molson Coors’ Indian beer brand Thunderbolt along with selling and distribution rights of its global brands such as Miller, Blue Moon, Carling and Cobra in India.