Molson Coors Takes Control Of Cobra India

Canada-based beer producer Molson Coors has purchased a controlling stake in Cobra India after the Indian beer company 'ran into capital difficulties'. Molson Coors revealed that the purchase of the stake plus upfront investment would cost US$35mn and that the business is to be renamed Molson Coors Cobra India. The move will give the firm greater exposure to the high-growth Indian market and comes two years after it purchased a 50.1% stake in Cobra's UK

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