Molson Coors sells India business to Inbrew Holdings as alcohol prohibition hurts sales

INDIA – US multinational beverage company Molson Coors has agreed to sell its Indian unit to Singaporeheadquartered Inbrew Holdings in a deal estimated to be worth US$135.8 million. As part of the deal, Inbrew will acquire Molson Coors’ Indian beer brand Thunderbolt along with selling and distribution rights of its global brands such as Miller, Blue Moon, Carling and Cobra in India. The acquisition will include three manufacturing facilities with total installed capacity of 16 million unit cases. “Thunderbolt has a very robust presence in north India, and in several…

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