India. Vijay Mallya, not Heineken has the right to choose UB’s successor
Although Dutch brewer Heineken is the biggest stakeholder in United Breweries, joint venture partner Vijay Mallya has the right to choose his successor as chairman of the company, according to the terms of a 2009 agreement. That will need to be amended if Heineken wants to pick its own nominee, said several people aware of the matter. (more…)