Heineken acquires additional brewery capacity in Nigeria
(Thomson Reuters ONE) -
Amsterdam, 12 January 2011 - Heineken N.V. today announced that it has
strengthened its platform for growth in Nigeria via the acquisition of two
holding companies from the Sona Group. The two acquired businesses have
controlling interests in each of the Sona, IBBI, Benue, Life and Champion
breweries in Nigeria.
The acquisition provides Heineken with an additional technical capacity of 3.7
million hectolitres, helping to alleviate the company's current capacity
constraints in the market and improving the geographic location of its
breweries. This will enable Heineken to take advantage of the attractive future
growth opportunities that exist in different regions of the country. The
acquisition has been funded from existing resources. The transaction price has
not been disclosed.
Heineken will explore the possibility of consolidating the newly acquired
breweries into its existing business structure in Nigeria during 2011.
Discussions with Nigerian Breweries and Consolidated Breweries will begin now
the transaction has been finalised. The acquired breweries will continue to
provide and expand contract brewing services to Nigerian Breweries and
Consolidated Breweries for the meantime, while continuing to own, brew and
support the Goldberg, Williams Dark Ale and Malta Gold brands as well as various
smaller regional brands.
Commenting on today's announcement, Tom de Man, President Africa & Middle East
of Heineken, said: "This important move reflects Heineken's strategy of
increasing our exposure to and growth from developing markets. Nigeria is one of
the world's most exciting beer markets and one of the most important countries
for Heineken. This acquisition underlines our ongoing commitment to the country
and will significantly strengthen our platform for future growth."
The Nigerian beer market (est. 16.5 million hectolitres in 2009) is the second
largest in Africa and has grown at a compound annual growth rate of 9% over the
past 10 years ending 2009. Nigeria is the most populated country in Africa with
over 150 million people. Beer and non-alcoholic malt consumption was
approximately 11 litres per annum in 2009, well below the global average of 27
litres.
Through this investment, Heineken will provide direct and indirect employment
opportunities for the domestic work force in Nigeria. Both Nigerian Breweries
and Consolidated Breweries have invested heavily in Nigeria in recent years and
remain committed to further development of the local beer market.
Heineken has deep roots in Africa dating back to 1900 when it first started to
export beer into West Africa. Its first brewery was opened in the Democratic
Republic of Congo in 1923. Heineken's geographic footprint now stretches across
15 countries on the continent with 37 breweries.
Press enquiries
John G. Clarke
Tel: +31 (0)20 5239 355
john.g.clarke(at)heineken.com
Investor and analyst enquiries
Jan van de Merbel
Tel: +31 (0)20 5239 590
investors(at)heineken.com
Editorial information:
Heineken is one of the world's great brewers and is committed to growth and
remaining independent. The brand that bears the founder's family name - Heineken
- is available in almost every country on the globe and is the world's most
valuable international premium beer brand. The Company's aim is to be a leading
brewer in each of the markets in which it operates and to have the world's most
valuable brand portfolio. The Company operates 140 breweries in more than 70
countries and sold 165.7 million hectolitres of beer on a 2009 pro-forma basis.
Heineken is Europe's largest brewer and the world's third largest by volume.
Heineken is committed to the responsible marketing and consumption of its more
than 200 international premium, regional, local and specialty beers and ciders.
These include Amstel, Birra Moretti, Cruzcampo, Dos Equis, Foster's, Kingfisher,
Newcastle Brown Ale, Ochota, Primus, Sagres, Sol, Star, Strongbow, Tecate, Tiger
and Zywiec. On a 2009 pro-forma basis, including FEMSA Cerveza, revenue totaled
?16.9 billion and EBIT (beia) was ?2.3 billion.
The average number of people employed is more than 75,000. Heineken N.V. and
Heineken Holding N.V. shares are listed on the Amsterdam stock exchange. Prices
for the ordinary shares may be accessed on Bloomberg under the symbols HEIA NA
and HEIO NA and on the Reuter Equities 2000 Service under HEIN.AS and HEIO.AS.
Most recent information is available on Heineken's home
page:http://www.heinekeninternational.com.
Download Heineken N.V. press release.pdf:
http://hugin.info/130667/R/1478950/414771.pdf
This announcement is distributed by Thomson Reuters on behalf of
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Heineken N.V. via Thomson Reuters ONE
[HUG#1478950]
Unternehmensinformation / Kurzprofil:
Datum: 12.01.2011 - 08:01 Uhr
Sprache: Deutsch
News-ID 50377
Anzahl Zeichen: 5654
contact information:
Town:
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Kategorie:
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