UNITED BREWERIES LTD. - Updates on Acquisition of Brewery Assets

With reference to earlier announcement dated May 28, 2014, informing about the proposed acquisition of brewery assets, United Breweries Ltd has now informed BSE that post completion of various formalities with regard to endorsement of statutory licenses in the name of United Breweries Limited, the brewery assets viz., land, building, plant, machinery etc. of Pacific Spirits Private Limited, located at Shahjahanpur, district Alwar, Rajasthan have been acquired by United Breweries Limited at a negotiated consideration of Rs. 105 Crores.<br/><br/>With this acquisition, the Company will be able to expand its production capacity in the State Rajasthan to cater to the expected further growth in the market. Pacific Spirits Private Limited has not been operational for a while and the Company will further invest to make the brewery operational before the coming season. This acquisition will also create additional employment opportunities in the vicinity, upon the brewery becoming operational.