Heineken NV, Europe's largest brewer, said Monday it would book a euro145 million ($216 million) gain after moves to combine multiple operations in India and in the South Asian Pacific, according to Associated Press.
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Singapore-based Asian Pacific Breweries, in which Heineken owns a controlling 42.5 percent stake, will sell its Indian operations to India's largest brewer, United Breweries Limited, the maker of Kingfisher which Heineken jointly controls with Indian tycoon Vijay Mallya.
That deal must receive regulatory approval.
Heineken and UBL have also agreed on terms of brewing and distributing Heineken-branded beer in India.
He said he viewed the deal as a way of increasing Heineken's exposure to high growth developing markets.
Separately, Heineken said it will sell businesses it controls in Indonesia and New Caldonia to Asian Pacific Breweries.
The Dutch brewer will sell a 68.5 percent stake in PT Multi Bintang Indonesia for euro157 million and an 87.3 percent stake in Grande Brasserie de Nouvelle-Caledonie SA for euro57 million.
Heineken said it would book euro145 million in gains on the transactions sometime in 2010.
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