HEINEKEN Response to CMA Decision
(Thomson Reuters ONE) -
Amsterdam, 13 June 2017 - HEINEKEN N.V. (EURONEXT: HEIA; OTCQX: HEINY) notes
today's decision by the Competition and Markets Authority (the 'CMA') to refer
the proposed acquisition by Heineken UK Limited ('HEINEKEN') of Punch
Securitisation A ('Punch A') for a Phase 2 investigation unless HEINEKEN offers
acceptable undertakings to address points raised by the CMA.
HEINEKEN intends to offer acceptable undertakings and is confident that these
will enable the transaction to be approved by the CMA without a Phase 2
referral.
David Forde, Managing Director for HEINEKEN UK said:
"We welcome this positive step towards completing our acquisition of Punch A.
This decision by the CMA acknowledges that there are only a small number of
local areas where competition may be diminished due to our acquisition of the
pubs in Punch A. We are confident we can offer the CMA suitable undertakings to
satisfy their concerns."
ENDS
Press enquiries
John-Paul Schuirink
E-mail: pressoffice(at)heineken.com
Tel: +31-20-5239-355
Michael Fuchs
E-mail: pressoffice(at)heineken.com
Tel: +31-20-5239-355
Investor and analyst enquiries
Sonya Ghobrial
E-mail: investors(at)heineken.com
Tel: +31-20-5239-590
Chris MacDonald
E-mail: investors(at)heineken.com
Tel: +31-20-5239-590
Note to editors:
Further information is available in a section 2.7 Announcement which is
available
http://www.londonstockexchange.com/exchange/news/market-news/market-news-
detail/other/13068712.html
Information relating to HEINEKEN UK and HEINEKEN N.V.
HEINEKEN UK
HEINEKEN UK is one of the UK's leading cider and beer producers and the company
behind brands such as Strongbow, Bulmers, Heineken®, Foster's, John Smith's and
Desperados. HEINEKEN UK is the HEINEKEN Group's main operating entity in the UK
and employs around 2,000 people across seven sites in the UK with offices,
breweries and cider production facilities in Edinburgh, Tadcaster, Manchester,
London, Hereford and Ledbury. HEINEKEN UK operates the Star Pubs & Bars business
with a UK-wide estate of 1,049 pubs which has delivered an attractive profit
margin and cash return to HEINEKEN UK.
HEINEKEN UK is a wholly owned indirect subsidiary of HEINEKEN N.V.
HEINEKEN N.V.
HEINEKEN is the world's most international brewer. It is the leading developer
and marketer of premium beer and cider brands. Led by the Heineken® brand, the
Group has a powerful portfolio of more than 250 international, regional, local
and specialty beers and ciders. We are committed to innovation, long-term brand
investment, disciplined sales execution and focused cost management. Through
"Brewing a Better World", sustainability is embedded in the business and
delivers value for all stakeholders. HEINEKEN has a well-balanced geographic
footprint with leadership positions in both developed and developing markets. We
employ over 73,500 employees and operate more than 165 breweries, malteries,
cider plants and other production facilities in more than 70 countries. Heineken
N.V. and Heineken Holding N.V. shares trade on the Euronext in Amsterdam. Prices
for the ordinary shares may be accessed on Bloomberg under the symbols HEIA NA
and HEIO NA and on Reuters under HEIN.AS and HEIO.AS. HEINEKEN has two sponsored
level 1 American Depositary Receipt (ADR) programmes: Heineken N.V. (OTCQX:
HEINY) and Heineken Holding N.V. (OTCQX: HKHHY). Most recent information is
available on HEINEKEN's website: www.theHEINEKENcompany.com and follow us on
Twitter via (at)HEINEKENCorp.
Information relating to Patron Capital and Vine Acquisitions
Vine Acquisitions Limited is a newly incorporated company formed at the
direction of Patron Capital. Established in 1999, Patron Capital has invested
approximately ?2.4 billion of capital across several funds and related co-
investments, investing in property, corporate operating entities, credit-related
businesses and debt-related instruments whose value is primarily supported by
property assets. The investors in the Patron funds represent a variety of
prominent universities, major institutions, private foundations and high net
worth individuals located throughout North America, Europe, the Middle East and
Asia. Since inception, the Patron funds have made more than 69 investments in
17 countries and together with its partners have owned and controlled over ?10bn
in gross assets. Patron is based in London with associated offices in Barcelona,
Milan and Luxembourg and a team of over 75 people, with over 42 investment
professionals.
Patron aims to combine an institutional approach to fund management and
reporting, while continuing to embrace an entrepreneurial culture. Patron
favours the backing of management teams and co-investing with its pan-European
network of local partners who are familiar with the local market through joint
venture structures. Many of Patron's private equity investments have backed
existing management teams and achieved significant growth of the investee
businesses and their employee bases.
Please click here for full press release.:
http://hugin.info/173433/R/2112770/803600.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Heineken NV via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 13.06.2017 - 08:37 Uhr
Sprache: Deutsch
News-ID 547540
Anzahl Zeichen: 6400
contact information:
Town:
Amsterdam
Kategorie:
Business News
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Die Pressemitteilung mit dem Titel:
"HEINEKEN Response to CMA Decision"
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Heineken NV (Nachricht senden)
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