NEW DELHI (Reuters) -India's antitrust watchdog on Friday imposed a penalty of $102 million on Heineken-controlled beer giant United Breweries and $16 million on the local unit of Denmark's Carlsberg in a case related to cartelisation of beer prices in the country. The order comes after a long-drawn investigation that in 2018 saw Competition Commission of India (CCI) raiding the offices of the brewers. The raids happened after rival Anheuser Busch InBev told the watchdog it had detected an industry cartel in India after it acquired operations of SABMiller Plc.
COPENHAGEN (Reuters) -Danish brewer Carlsberg raised its full-year earnings guidance on Wednesday after reporting second-quarter sales above expectations as beer volumes exceeded pre-pandemic levels. The world's third-biggest brewer said beer volumes in key markets China and Russia rose to "well above" 2019 levels. It registered 2% organic growth in overall beer volumes in the first six months of the year compared with the same period in 2019.